Guyana’s Vice President, Dr. Bharrat Jagdeo, has announced the government’s plans to reissue a request for proposals (RFP) for the Amaila Falls hydropower project in a span of two weeks. This move comes after the initial effort to secure a contractor did not meet the desired outcomes.
“We’re hoping within maybe maximum two weeks to go back for the request for proposals. We have been approached by several companies, including a Brazilian firm, one from Austria, and multiple entities from Korea. Given the high interest, we believe that the best way forward is through a public request for proposal, a bid process,” stated Jagdeo.
He had said, “When multiple unsolicited proposals come in, it’s vital to have an open request for proposal process. This allows all proposals to be evaluated side by side, determining the best fit.”
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The Amaila Falls hydropower project, the largest renewable energy initiative planned for Guyana, had been outlined under a Build Own Operate and Transfer (BOOT) contract. The agreement stipulated that the winning firm would provide electricity to the grid at a rate capped at US$0.07737 per kilowatt-hour (kWh) under a Power Purchase Agreement (PPA).
However, the project hit a stumbling block when the initial winning bidder, China Railway First Group (CRFG), opted out of the contract, unwilling to align with the BOOT model’s requirements.
The upcoming RFP aims to revitalise the project, ensuring Guyana’s journey towards sustainable energy continues unabated.
