Dec 09, 2014 News
“The day that Guyana will go forward fast is the day that it has a low-cost source of power,” is the conviction of
Chief Executive Officer (CEO) of Machinery Corporation of Guyana (MACORP), Jorge Medina.
According to him, a low-cost source of power is one that can be had, for instance, if natural gas becomes available. With this in place, he noted that “we can generate power at a lower cost than we are doing today.”
“In five years we may have hydropower if all Guyanese work together for that purpose.”
Although a hydropower facility is also seen as a means of lowering the electricity cost, Medina also intimated during an interview with this publication that a wind farm could be just as effective.
“We have all of the resources to drop the cost of operation,” he stressed.
With such a development, according to him, the industries of the country will see improved performances as there will be more efficiency. Such a realisation Medina added could even lead to better roads, better airports and better communication systems.
“The economy of Guyana can be completely different, and we are ready to support that growth of the economy,” said the CEO of MACORP’s commitment.
Turning his attention to the divide between politics and business, Medina who hails from Colombia but is currently a naturalised citizen, said that “my vision of politics is different from what happens here.”
He said that while Government is the entity that is tasked with running the country, the possibility of that entity changing at an election is always a possibility.
He said that there should be no resistance between the government’s side and that of those opposing to work together towards the common goal of the country, that is, to take the country forward.
“Unfortunately, I see here that one political party don’t support the other because it will get applauses for a good job done…once that political party avoids that other political party getting applauses they put up all the barriers and who are affected? All the communities,” asserted Medina.
Nevertheless, he insisted that “the politicians (opposition and Government), everybody have good ideas. It’s just for them to work together, to have dialogue in any scenario, in any place, in order to benefit the future of this nation.”
This is particularly important at this juncture, as according to Medina, the existing business climate is not particularly easy given the fact that the prices of some commodities, such as gold, have been significantly lowered.
But while there are some businesses that are suffering immensely, such as small miners, Medina noted that there are some who are reaping benefits at this time.
“We cannot panic; we are seeing low prices in gold and bauxite but we are also enjoying high prices in rice and sugar so it is a balance,” informed Medina as he pointed out that MACORP is one that caters to companies that are doing good as well as those that are not.
He, however, informed that the affected sector of gold is one through which MACORP is able to gain its greatest earnings.
Moreover, as the year nears an end, Medina noted that his company has observed a diminished profit margin.
Despite the challenges faced, Medina related that MACORP is taking steps to ensure it remains a permanent name in the business sector. For this reason, he informed that moves are already apace to train locals to eventually take up the reigns of the company’s operation.
He therefore pointed out that the company is bent on creating the atmosphere here to ensure that locals can remain grounded. This is in an attempt to ward off the brain-drain situation which affects not only MACORP but the entire business sector which by extension impacts Guyana as a whole.
Guyanese you are being prostituted by your politicians!
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