Daily Archives: August 30, 2013

Eusi Kwayana at GCA Literary Hang – August 31, 2013 – Brooklyn NYC

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Fly Jamaica likely to commence service next month

Fly Jamaica likely to commence service next month

AUGUST 29, 2013 | BY  | By Zena Henry 

– Inspections for operations completed

The services of much anticipated partnership carrier Fly Jamaica Airways (FJ) will soon be available to Guyanese as optimism over the airline’s commencement of regular flights to and from Canada and the United States of America by late next month heightens. Moves towards this reality are even more evident as overseas safety officials completed inspections of the airline’s local base on Tuesday, August 27, 2013.

A four-member team, headed by Captain Egbert Field of the Jamaica Civil Aviation Authority departed Guyana early yesterday morning after completing in-depth inspections on general facilities that FJ would be using while servicing Guyana.    Continue reading

Amaila Hydro project…Price jumps to US$915M

Amaila Hydro project…Price jumps to US$915M

AUGUST 29, 2013 | BY  | FILED UNDER NEWS

 …addition US$57.2 unearthed in project document

The Guyana Government has committed US$157.2 to the Amaila Falls Hydro Electric Project, US$57.2M more than the US$100M that it has been maintaining all along.
This was contained in the ‘Confidential Project Document’ leaked to this publication. This means that the revised price tag is now in excess of US$915M.
According to the project document for the Hydro Electric Plant, in 2014 and 2015 the Government has under its ‘financial commitment’ to the project, committed  US$21M to be paid each year from its Fund for Special Operations  [Read more]

Months after US$ 902M Hydro Plant kicks in…Uganda forced to increase electricity tariff

AUGUST 28, 2013 | BY  | FILED UNDER NEWS

…Sithe Global rate of return on project similar to Guyana’s 19%  

Sithe Global, the developer for the Amaila Falls Hydro Electric Project, also built the US$902M, 250MW Hydro Plant in Bujagali, Uganda, and the power company in the African nation is once again being forced to ask for an increase in electricity tariff.   The request comes just months after that Hydro Electric Plant would have been commissioned.   Continue reading

The Caribbean needs radical change at LIAT – Commentary

The Caribbean needs radical change at LIAT

Published on August 29, 2013 – Caribbean News Now

By Robert MacLellan – Commentary

Last week our hospitality consultancy organised a visit by potential developers to the Eastern Caribbean. The participants on the trip — from UK, China, Trinidad and St Lucia — all experienced significant delays or cancellations on LIAT flights. I have travelled regularly with LIAT throughout the Caribbean for over 16 years but recent events represent a new low point. The challenge of convincing investors to consider tourism developments in those islands, which are served primarily by LIAT, is now onerous indeed.

Gregor Nassief’s recent open letter to the LIAT board of directors has already catalogued the airline’s worst ever performance over the last three months and called for management heads to roll. This solicited a response from LIAT’s chairman, Jean Holder, which addressed virtually none of Mr Nassief’s points and seemed only to confirm the level of delusion in the highest ranks of LIAT management. Having received a worthless and self serving response, Mr Nassief has since called directly for Dr Holder’s resignation.     Continue reading

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