Latest update May 5th, 2024 12:58 AM
Oct 10, 2011 Letters
Dear Editor,
Donald Ramotar reportedly said at the PPP’s Albion rally that the PPP will focus on energy. He must have been speaking of wind energy, a lot of which was generated at that rally.
Given the PPP’s platform will focus on energy and infrastructure, I intend to examine these two issues for the Guyanese people in upcoming letters to the editor.
Ramotar reportedly said the Amaila Falls hydroelectric project has good prospects for cheap energy and can take Guyana to the next level. I don’t know if Ramotar takes a shot of that intoxicating stuff DDL and Banks DIH produce before speaking but I don’t think I have ever heard more nonsense being spun as nonsense.
Kaieteur News recently reported the Amaila Falls project is now at US $835 million and counting. Fip Motilall has not even finished the road to start building the project and this project is already a staggering burden on the Guyanese people.
Minus the US$200M Sithe Global is putting into Amaila Falls, the Guyanese people are on the hook for US$635M to date and not one stone has been turned as yet. At this rate, this project will cost over US$1B.
Nuff pockets will be filled. Nuff taxpayers’ money will be wasted. President Jagdeo said the PNC spent US$300M on its Mazaruni project with nothing to show for it. Well, the PPP has spent or has committed to spend US$635M of the Guyanese people money on this project with nothing to show for it.
Don’t these two parties look, behave and make a fool of themselves all the same? I estimate that at this rate and given how the cost is jumping more than a jumping jack rabbit, the PPP will spend US$1B of the Guyanese people money on this project by the time it is finished.
If you thought you had severe headaches paying your mortgage for that house built on that overpriced house lot the PPP government sold you, then you should brace yourself for this one. Because it will be bigger and badder than all the financial headaches you are having.
What will you get for paying more than US$1B for a hydroelectric project that is ridiculously overpriced? You will get the power plant in 20 years.
Anyone living in Guyana knows that anything that is older than one year built by the PPP will fall apart. By the time the Guyanese people get this hydropower plant in 20 years, they will need to blow it up and build another one. The Skeldon factory is a lesson we should all remember.
The people in the sugar belt know that harsh lesson too well. 400,000 working Guyanese must each repay GY $317,500 with interest for a US$835M power plant. If that plant ends up costing the Guyanese taxpayers US$1B, then each working Guyanese must repay GY$500,000 with interest.
The Guyanese people already have enough debts. This is the shocking price each of you must pay for the PPP’s incompetence, corruption, mismanagement and atrocious decision-making.
If you thought the 33% income taxes, 16% VAT and high cost of living was more than enough to pay for cheap electricity, you’d better think again. These guys have a US$1B white elephant coming that will make Skeldon look like an ant.
M. Maxwell
GRA catch EXXON trying to hunch GUYANA over 11 BUS dollars in one shot!!!!
May 05, 2024
Kaieteur Sports – Archery Guyana proudly joined forces with Miss Guyana Culture Queen in a groundbreaking collaboration that fused the worlds of sport and fashion at the sashing ceremony of the...Kaieteur News – The Congress of the People’s Progressive Party (PPP) is supposed to be the highest democratic forum... more
By Sir Ronald Sanders Waterfalls Magazine – On April 10, the Permanent Council of the Organization of American States... more
Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.
Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]