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Business

Cabinet discusses probe report on unauthorised negotiations with ExxonMobil to reduce expenses

Cabinet on Thursday discussed a report on an investigation into how officials if Ministry of Natural Resources had negotiated the reduction US$214 million in expenses with ExxonMobil down to US$3 million, Vice President Bharat Jagdeo said. “We’re taking it serious,” he said. He said the outcome of Cabinet’s consideration of the report that was presented by Minister of Natural Resources, ...

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Amaila Falls Hydropower station on front-burner again

More than one year after China Railway First Group backed out of plans to build the Amaila Falls Hydroelectricity Plant (AFHP), government on Thursday announced that would in another two weeks issue a public request for proposals due to increased international interest in the project. “Now, I think there is a large number of people approaching us and the best ...

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NPTAB defends decision to award GY$865.5 million pump contract to Tepui Group Inc; mum on company’s experience

The National Procurement and Tender Administration Board (NPTAB) on Wednesday defended its decision to award a GY$865,543,500 contract to construct a pump station at Belle Vue, West Bank Demerara, in the wake of a formal request by Alliance For Change (AFC) executive member and opposition parliamentarian David Patterson for Guyana’s Public Procurement Commission (PPC) to conduct a probe. NPTAB, in ...

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GUYSUCO says Central Housing & Planning Authority does not own Mocha lands from which residents were evicted

The State-owned Guyana Sugar Corporation (GUYSUCO) says it owns the lands at Cane View, Mocha, East Bank Demerara from which more than 30 households were evicted earlier this year and never gave the Central Housing and Planning Authority (CH&PA) any authority there. GUYSUCO’s Company Secretary/Legal Officer, Khawn Rodney states in an affidavit that the corporation admits that it is the ...

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AFC’s Patterson asks Procurement Commission to probe pump station contract award

Alliance For Change (AFC) executive member and opposition parliamentarian David Patterson on Tuesday asked the Public Procurement Commission (PPC) to investigate whether the award of a GY$865,543,500 contract to construct a pump station at Belle Vue, West Bank Demerara was above board. “I write seeking an investigation into the award of this contract on the basis that the Contractor was ...

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City Council plans to present GY$77 million deficit late budget; hazy accountability for spending during 9 months

Ten months into the year, City Hall is this Thursday slated to present its GY$2.6 billion budget for 2023 budget with a deficit of GY$77.2 million, but there is no clear plan for how the Council would account for monies already spent for the year. The total bill for salaries, wages and allowances totals GY$1,340,648,272. According to figures seen by ...

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Opposition demands say in National Procurement and Tender Administration

A Partnership for National Unity+Alliance For Change (APNU) parliamentarian, Ganesh Mahipaul on Sunday demanded that the opposition have a say in the processing and award of multimillion dollar contracts by the National Procurement and Tender Administration Board (NPTAB). “We need to amend the Procurement Act of 2003 and revisit the composition of the evaluation committee and tender board. The body ...

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Guide to Guyana’s Local Content Act is first in series of business sector publications

The first of several books on navigating the rules of business in Guyana is now on the market and seeks to simplify how the local content process works for both suppliers and procurers, according to author and Attorney-at-Law Brenden Glasford. Titled “Guide to Guyana’s Local Act”, the book is part of the “Guide to Guyana” series and is published by ...

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Big electricity consumers to be taxed off GPL’s grid as hot weather spikes electricity consumption

Vice President Bharat Jagdeo on Friday announced that large electricity consumers would be taxed to force them off the Guyana Power and Light’s (GPL) grid, even as the power company blamed the intensely hot weather in recent weeks for unprecedented increased electricity consumption in the Demerara-Berbice Interconnected System (DBIS). “We just agreed on a policy that we’d put for the ...

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Guyana to get first eye hospital; Optique Vision Care hailed for contribution to optometry studies

Guyana will by next year have its first specialty hospital whose focus will be on eye care with the aim of tapping into the medical tourism market, Chief Executive Officer and co-founder of Optique Vision Care, Dhani Narine said Friday. He made the announcement at a 10th anniversary observance, and later told Demerara Waves Online News that more than US$3 ...

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