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Contractor failed on previous MOU with GPL, Govt.

May 07, 2010 News

With Synergy Holdings Inc and its owner Makeshhwar Fip Motilall coming under increased scrutiny, it has been discovered that the contractor has failed to deliver on a Memorandum of Understanding he signed with Prime Minister Sam Hinds, and the then Chairman of Guyana Power and Light, Ronald Alli.
They signed the MOU on May 23, 2006 in the office of the Prime Minister.
Yesterday, Prime Minister Hinds said that any inability on the part of Synergy Holdings to deliver on the MOU might have resulted from the cost of the project.
Under the terms of the MOU signed, Synergy Holdings was listed as having identified an existing 25MW thermal generation plant that could be acquired, dismantled, refurbished, transferred, installed and operated at a site to be selected jointly by all parties.
The thermal plant was to serve GPL in the interim, according to the MOU, since GPL was desirous of adding interim thermal generation capacity to meet the increased demand until such time as the Amaila Falls Hydro Electric Project should commence commercial operation.
Under the conditions of the MOU there was supposed to have been completion of due diligence by the parties on the power plant in Cozumel, Mexico and the Thermal Project three weeks after the execution of  the MOU.
Four weeks after the execution of the MOU there was supposed to have been firm financial commitment for the thermal project obtained by Synergy.
The MOU also stated that eight weeks after, the execution of the Engineering, Procurement and Construction Agreement to be concluded between Synergy and Wartsila Finland Oy for the acquisition, dismantlement, refurbishment, transfer and installation of the thermal plant was to be completed.
The Power Purchase Agreement for that project was supposed to have been completed on July 15, 2006.
Motilall has since landed a lucrative US$15M contract. Subsequent to the apparent inability to deliver on the MOU the government invested close to US$30M to build a state-of-the-art 20 MW Kingston Power Station which has since been commissioned and is up and running.
That new 20.7MW Kingston power plant, consisting of three 6.9MW Wartsila turbines, was commissioned by President Bharrat Jagdeo in December last during a ceremony at the plant’s site.

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