Friday, May 21, 2010

More to it than meets the eye. Deals and Deals!

When will the Integrity Commission lets it independence guide it to drag the Head of Staff with his ‘assets’ before it?

A President who merely makes less than a half a million dollars a month on his day job is busy tying and knotting deals with his cronies and friends that his expected to full his pockets at some time or another.

We know that he got himself a little of the Guyana Times pie as Guyana Times TV Plan to set up a Berbice operation. A new office space is being built.

We know that he has cut himself several sweet deals and owns properties in and out of Guyana. He is negotiating another sweet deal with Russian Powers and would see a fibre optic cable coming from Brazil. This man would be making more money!!!

We were also informed of this connection to the Russian owned Rusal. Connection we say but hidden in that, word is director of the Bauxite Company.

Now as the story about Rusal’s involvement in a hydro power plant breaks we wonder about that else is not visible to the eye.

Stabroek News of Wednesday May 19 has an interesting and though provoking story. It says that a letter between a Gianfranco Miceli of Business Development of a Brazilian Company, Andrade Gutierrez and RUSAL’s General manager Alexex Gordymov talking about building a hydro power plant in the Middle Mazaruni. This isn’t the only revelation. According to SN who we will quote their article says that there are talks about two consortiums involving RUSAL, GUYANA GOVERNMENT and Brazilian owned ELECTROBRAS.

In fact, the Brazilian Company said that it is ready to go ahead.
This is despite no announcement by the government, no reports of Environment Impact Assessment and oh wait, No tendering.

There must be a Memorandum of Understanding somewhere around.

There are some pieces of the puzzle as put together by Stabroek News.

“In the letter dated May 14, which was seen by this newspaper, Gordymov told Miceli that he hoped that their meeting in Miami in March this year was productive and at least the parties could exchange their intentions and recognise how they could move the project forward. He recalled that despite efforts they could not find any amicable solution at the time. He recalled that during the March meeting it was understood that one of the crucial points for Miceli was to get Electrobras to be part of a consortium. He mentioned the building of a smelter. After numerous internal reviews and discussions, they would like to continue dialogue on the main principals, Gordymov said.

He outlined six points. According to the letter, Consortium A would be created with three main stakeholders: Electrobras, the Government of Guyana and Rusal. “This consortium would be responsible for developing the Hydropower Plant and distribution of energy”, Gordymov wrote. He said the consortium would build a 3000MW hydropower plant which would be done in three phases.

He said that the first 1000MW would be sold to Brazil “beside what is energy required by Guyana” and the second 1000MW “(probably less)” would go to the smelter. The third 1000MW would be sold to Brazil, he said.

He outlined Consortium B – which would be created between the government of Guyana and RUSAL for the construction of an aluminum smelter. “RUSAL would control the consortium”.

According to the letter, Consortium B has a right to declare an option to use energy in the second phase of up to 1000MW “in case smelting capacity will be built before commissioning 2nd phase”. Such an option has to be declared no later than six months after the commissioning of the first phase, Gordymov outlined. He said that if this option is not declared by Consortium B within that time then Consortium A has a right to use the energy of the second phase at its own discretion. In this case, the third phase will be developed by Consortium A when Consortium B decides that the smelter is needed, according to Gordymov.

He said that the Consortiums will enter into a written agreement where Consortium A will guarantee to supply power to Consor-tium B in the requested amount for smelting but no more than 1000MW at a cost basis price.

“We will appreciate your feedback on this message and would like to point (out) that we are ready to develop further this project in case you accept (the) above main terms”, Gordymov wrote. He added that any final deal is subject to contract. “

We say there is no way this could have even past our dear President’s ears.

No comments:

Post a Comment