September 29, 2016

Guyana-Norway partnership making significant strides

Guyana and Norway have been actively engaged in the strengthening of the agreement between the two countries to support Guyana’s low carbon and green growth focus.
This Administration, having welcomed the first delegation from Norway in January 2016, has reaffirmed its commitment to the partnership’s continuity and growth, a position that was echoed by the Ambassador of Norway to Brazil and Guyana, Aud Marit Wiig when she visited the country.
A number of developments have since fortified the connection between the two countries with the cordial exchange of letters between the new Ministers of Norway and Guyana, as Norway has undergone some internal ministerial changes at its Ministry of Climate and Environment, and Guyana has formally re-established the Ministry of Natural Resources.
Among those exchanges has been the shared assessment of consultant companies to conduct a financial model review of the topical Amaila Falls Project, which has been the subject of much debate in both countries.
A decision was recently made to utilise Norway’s largest consultancy firm Norconsult for this review. With more than 50 years of international experience in power generation and energy supply engineering, the Ministry of Finance and Cabinet considered it the best option for an objective re-assessment. This decision follows up on one taken by the countries in Paris, France, in December 2015 to conduct a review of the project’s current financial model, which the Government believes could shackle many generations of Guyanese to debt.
While this process develops, the Governments of Guyana and Norway are preparing for a visit in April by a Norwegian delegation comprising members of the Ministry of Climate and Environment and Norway’s Development Agency (NORAD).
The visit is expected to deepen the partnership and collaboration to complete outstanding deliverables of the Memorandum of Understanding (MoU) that the new Government inherited. The Guyana team is actively preparing for this eagerly anticipated visit and all stakeholders will be engaged throughout this process.  (GINA)

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