Latest update December 1st, 2024 4:00 AM
Jan 12, 2024 News
Kaieteur News – The government through the Guyana Energy Agency (GEA) has received two bids for its project to connect the Kumu and Moco Moco Hydropower Plant to the Lethem Power Company (LPC) grid, located in Region Nine.
At the reading of bids at the National Procurement and Tender Administration Board (NPTAB) office on Thursday, it was revealed that the companies bidding are 2020 FMCG Inc. ($454,262,113) and Cummings Electrical Company Limited ($262,136,602).
In an advertisement previously published, GEA had stated that the government received financing from the Islamic Development Bank (IsDB) towards the cost of funding shortfall to satisfy the targets of the Hinterland Electrification Programme and it intends to apply part of the proceeds to fund this project.
In November 2022, a contract was signed to the tune of US$12.85 million between the Guyana Energy Agency (GEA) and Vidullanka PLC, a Sri Lankan firm, for the construction a new 1.5 megawatt (MW) hydropower project at Kumu and to rehabilitate and upgrade the defunct Moco Moco hydropower plant to some 0.7MW capacity.
This publication had reported that the main objectives of the project are to support the Government’s drive for a low-carbon, climate-resilient economy by providing affordable, stable and reliable electricity using Indigenous energy sources, reducing fossil fuel consumption and CO2 emissions. The key results of the project are to increase access to electricity to the population in Lethem and the nearby villages of Kumu, Moco Moco, St. Ignatius and Quarrie, the Office of the Prime Minister had said.
The hydro project is being funded by Guyana through financing from the Islamic Development Bank (IsDB).
Below are the companies and their bids:
Dec 01, 2024
Roach struck twice early but West Indies let Bangladesh stage a mini-recovery ESPNcricinfo – Kemar Roach rocked Bangladesh early, but West Indies’ poor catching denied the home team a few...…Peeping Tom Kaieteur News- Week after week, the General Secretary of the People’s Progressive Party Civic (PPPC)... more
By Sir Ronald Sanders Kaieteur News- As gang violence spirals out of control in Haiti, the limitations of international... 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]