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Dr Clive Thomas....Gov’t should cut losses on ‘flawed’ Amaila project

FM Former Member

Gov’t should cut losses  on ‘flawed’ Amaila project

- Thomas

Economist Professor Clive Thomas has warned against the continuation of the Amaila project, saying it would be better for the country to cut its losses than be saddled with a liability that nearly rivals the size of the economy.

 

What Guyanese Think....

BORAPORK         

If the government continues in its folly, there can be no excuse that warnings were not given to prevent sinking into suffocating debt. The learned professor has clearly and lucidly explained the reasons for his opposition to the project as presently configured, and under the circumstances sees only long term debt for Guyana and Guyanese while vested interests will become more enriched. One is already sitting in Florida. The government should seek better terms for this project and remember that the aim of public service is to help the suffering people and not adding to their miseries and burdens.
 
Over priced White Elephant                  
         

Name          Price           MW      Cost Per MegaWatt

Amaila Falls      US$840M        165         US$5.1m

Pakistan           US$362M        147         US$2.4M

Nepal          US$186.2M      101          US$1.84M

Guinea           US$230M        130         US$1.8M

Sudan          US$760M      1200         US$0.7M

Uganda          US$1.65B       600         US$2.75M

Ilisu,Turkey       US$1.6B       1200          US$1.3M

Ethiopia          US$600M      420         US$1.5

Brazil         US$1.72B     645          US$2.66M

Mono River,Togo   US$366.6M   147          US$2.49M

Chinese,

Three Gorges        US$23B     18000         US$1.3M

 

FM
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