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Name: Qrstuvwxyz
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Date: 12 Dec 17 09:08pm
James McGowan: Senior President, Sithe Global…acknowledges that failure could lead to assets forfeiture Sithe Global, the developer behind the construction of a hydro electric plant at Amaila Falls, is guaranteeing that the project will be completed in three and a half years and will cost no more than US$700 million.But if the developer defaults on the project, the financiers of the project will reserve the right to seize the assets and name a new developer, James McGowan, Sithe’s Global Vice President (Development) said Wednesday.“There is no recourse to the parent company in the event of a default or a limited recourse, ” McGowan stated.“In the event of a default by the company, the lender’s rights are to step in and take ownership of the assets and most likely restructure the deal and to operate it with a new owner.”McGowan said the current estimate is that the power plant and transmission line to get the electricity to power stations in Linden and Georgetown would be completed in three and a half years at a cost of between US$650 and US$700 million.“That is correct, ” he said, Dale Murphy Braves Throwback Jersey, when asked if the company was guaranteeing that there will be no escalation in the cost or timeline for the construction of the project.Phil Mooney: Consultant, Sithe Global McGowan said that he could also guarantee that the project will be handed over to the government of Guyana, debt free, in 20 years.But the project financing is still up in the air. Sithe Global is looking to be able to close financing for the project by the end of the year. The major lenders have been listed as China Development Bank and the Inter-American Development Bank.They said that the focus is on closing the financial deal.Sithe Global has agreed to invest 30 per cent of the project cost—an estimated US$200 million. The government has also said that it will invest in the project, using funds from the forest-saving deal with Norway, for which US$70 million has already been deposited into a Fund being managed by the World Bank, but not yet delivered to the local treasury.The rest of the money would come from loans.According to President Bharrat Jagdeo, the more equity Government picks up the cheaper will be the project. The interest on the loans would be less hence the final cost would be less.The Amaila Falls Project consists of two components. The first component is the building of the hydro electricity plant. McGowan said this will cost an estimated US$320 million, calculated at an estimated US$1, 900 per kilowatt. The project was first estimated to generate 150 megawatts of electricity, but this has since been reduced to 165 megawatts.McGowan explained that the revised electricity generation was arrived at following negotiations with the government and “some things” learnt during the development of the project, such as the revised design of the reservoir and dam.The second component of the project, McGowan said, would be the transmission line to relay the electricity generated at the plant to power stations in Linden and at Sophia in Georgetown. The line will be 270 kilometres and will form the backbone of the new grid system, McGowan stated.He said this project will cost US$130 million.Other “soft costs” mainly related to “project financing and development costs” add up to form the final project cost.With the construction costs of the plant and the transmission line amounting to US$450 million, it therefore goes that the “soft costs” McGowan spoke of would amount to between US$250 and US$300 million.Phil Mooney, a Consultant with Sithe Global, said that one of the issues with project financing is that when the lenders evaluate the entire project as a whole, they need to make sure the operator can operate the plant reliably, and that there is enough revenue to make sure the plant can cover the debt payments.Sithe Global and the Guyana Power and Light Company (GPL) have not yet finalized a Power Purchase Agreement, which will determine how much GPL will buy electricity from the hydro project.This year, GPL will be spending some US$100 million on imported fuel. Chief Executive Officer Bharat Dindyal said that within four years the fuel price could be higher.He anticipates that the hydro power would be cheaper.The planned Amaila Project is touted as a replacement for the expensive electricity generation facilities. The developers say it would not only provide a clean renewable energy source, but also represent important foreign exchange savings for the country by reducing Guyana’s dependence on expensive imported fuels.On Wednesday, McGowan revealed that Synergy Holdings Incorporated sold or transferred its licence to build the hydroelectric power plant to the current developer – Sithe Global.Synergy Holdings Inc. was first listed as the developer to design, build, own and operate a hydroelectric plant in Guyana.In 2002, Synergy Holdings and Harza International were granted a licence by the Government of Guyana under the Hydro-Electricity Act for the development of a hydroelectric plant at Amaila Falls.The licence was reportedly amended and extended in 2004 when Harza pulled out leaving Synergy as the sole licensee. The licence was again extended in 2006.McGowan did not say for how much Sithe Global bought the licence but he was certain that at the completion of a successful project Makeshwar Fip Motilall would be compensated. The extent of compensation is still undetermined.Synergy Holdings has since been granted a US$15.4 million contract to build the access roads to the proposed site for the hydropower plant.The government, which has fiercely defended the award of the road building contract to Synergy Holdings, under Fip Motilall, has admitted that the company is woefully behind schedule.
Name: Klmnopqrst
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Date: 12 Dec 17 09:08pm
After extensive renovations at the Post Office at Meten-meer-zorg, West Coast Demerara, the entity is now functioning on a normal basis.The newly renovated Meten-Meer-Zorg Post OfficeAccording to Guyana Post Office Corporation (GPOC) Public Relations Officer, Jerseys NFL Wholesale, Yolaskee Jervis, the repair works that were done at the office by an external contractor included changing the entire roof, fixing the fence and painting of the interior and exterior of the building among other things.She further said the GPOC is committed to its mandate to repair as many of its offices as soon as it is financially feasible to ensure the comfort of its customers and staff members.Plans are afoot for extensive repairs to be done to the Mabaruma Post Office.
Name: Ghijklmnop
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Date: 12 Dec 17 09:08pm
Guyana Water Incorporated (GWI) is reporting an alleged incident in which a female engineer attached to the company was verbally abused by a customer during the execution of her official duties.The engineer, attached to a programme involving the installation of a transmission main in the Turkeyen community, East Coast Demerara, Cheap Football Jerseys, was accosted by the customer who hurled several insults including referring to the GWI employee as a “waste”.The customer has been identified as Cecil Rajana.“The GWI Engineer indicated that Rajana provided no reason for his verbal attack but continued to refer to her in a derogatory manner. The incident occurred in the presence of other members of the Turkeyen community as well as GWI employees, ” the company said in a statement last evening.The female professional involved indicated that she is emotionally distressed following the incident since Rajana’s comments were unprovoked.Upon hearing of the incident, Chief Executive, GWI, Dr. Richard Van West-Charles indicated that he was appalled to hear of the attack on the GWI employee.“I expect more professional behaviour from the customer involved, ” stated Dr. Van West-Charles. “We will not condone such attacks on our employees.”GWI said it intends to conduct an investigation into the incident.
Name: Hijklmnopq
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Date: 12 Dec 17 09:07pm
Is another Independence anniversary but this time if a foreigner was to walk in de city he woulda never know it. Dem had no decoration and except fuh dem people who was cleaning de trench, was just like another day.But in de preparation dem had couple things that remind people.  Dem boys was sitting at de corner when dem see couple dog running liker if tiger deh behind dem. Then dem hear de boom. Was de army practising fuh de Independence fireworks. De next night before de real fireworks was de same thing.When dem boys pass by de NICIL building dem see a head shaking up and down and a man talking, “One million, Cheap NFL Jerseys, two million, three million…” Was Brazzy counting how much money lef. De rest done share out. Dem boys she that is why dem postpone Parliament because nobody ain’t want to answer question.But thiefing ain’t done. Some people thief a big thing like a pontoon from de Harbour Bridge. Dem boys want to know how nobody ain’t see when de pontoon was floating away. People deh at both ends of de bridge and car passing all de time.When de pontoon sail out of de river even de lighthouse ain’t notice nutten. Dem boys seh that de people who thief it planning to sell it to NICIL. Suh when Brazzy talking bout de NICIL assets he gun include one thiefing pontoon from de Harbour Bridge.Thank heavens de Independence anniversary is only fuh one day because dem woulda thief out de whole Harbour Bridge.Talk half and watch wha gun happen wid de other half
Name: Opqrstuvwx
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Date: 12 Dec 17 09:07pm
Guyana has experienced over six aviation mishaps this year involving both civilian and military aircraft.*On January 18, 2014, Canadian pilot Blake Slater and his cargo handler Dwayne Jacobs disappeared in densely forested, hilly Mazaruni, Region Seven area, when the Trans Guyana Airways’ 700 Cessna Caravan 8R-GHS they were travelling in, went down.This Ogle Airport crash was the first for 2014Their bodies were recovered some three days later.*Prior to that, Cheap Jerseys, on January 11, a pregnant woman and the pilot of a single engine Cessna 206 small aircraft were among four persons who narrowly escaped death following a mid-morning plane crash at the Ogle International Airport. Those on board had to be dispatched to various hospitals after the Fenix Airways Inc. owned aircraft; registration 8RMML which was destined for Kato in Region Eight veered off the airstrip and crashed belly up a few yards away from the runway fence. The pilot was accused of using his cell phone during the take off process but this was never confirmed.*On March 18, a rescue team had to be dispatched to the Region Seven community of Arau following another accident involving a single engine light aircraft which crashed shortly after take off from the area’s airstrip.  The United States-registered civil utility Piper Cherokee N87619, was carrying at least four people when it went down. It was intended to shuttle goods between two interior communities and aviation authorities were at the time focusing on engine problems as a possible cause of the crash.*The hard-landing of a Trans-Guyana Britten Norman Islander aircraft caused an investigation by the civil aviation authority on May 17, when the plane suffered damage to its left landing gear during a landing at the Kurupung Airstrip, Region Seven. Five persons were onboard the plane, but no injuries were sustained.From left: Dwayne Jacob and Canadian- born Blake Slater died in the country’s second plane crash for 2014*On June 4, an incident occurred in Paramakatoi, Region Eight where an Air Services Limited (ASL) aircraft crashed into a fence at that airstrip. It was reported that weather conditions contributed to the incident.*On September 21, a recently arrived Trislander from Golden Arrows Airways suffered some degree of damage as the aircraft came in for a difficult landing at Kaieteur Falls. The twin-engine aircraft was transporting 16 passengers to one of the country’s tourist destinations when it was damaged and therefore unable to immediately make the return flight to the Ogle International Airport (OIA).*Four persons walked away unharmed on September 24, when the Guyana Defence Force (GDF) aircraft which they were travelling in crash landed at Camp Jaguar, in the New River Triangle location where the country’s defence force has a base. The occupants of the GDF Cessna 206 were heading to the GDF location when the plane ran off the airstrip following touchdown.The Guyana Civil Aviation Authority (GCAA) and the Head of the Transport Ministry Robeson Benn have expressed continuously, the need to make the country’s airspace safer. Several measures are being put in place to improve the situation, the Ministry said, with mechanisms such as the ADS-B tracking system which improves sky traffic being implemented.
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