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Guyana bets on hydropower to boost economy

Guyana bets on hydropower to boost economy

Posted by Shanelle Weir on November 24, 2014

The government of Guyana plans the construction of a hydroelectric plant in Amaila Falls as part of a push to harness the country's up to 7,000 MW in hydropower potential, Prime Minister Samuel Hinds said Monday to mark the start of the Caribbean Community's annual Energy Week.

Hinds said in a statement that Amaila Falls project is in line with the low-carbon development strategy pioneered in 2010 by then-President Bharrat Jagdeo.

That approach entails "promoting economic development by protecting the country's tropical forest to aid in addressing global climate change," the prime minister said.

"Guyana's hydropower potential is estimated to be over 7,000 megawatts, and in addition to the Amaila Falls hydropower project, development of other hydro power sites is being pursued," Hinds said.

He also mentioned the memorandum of understanding Guyana signed with Brazil looking to explore "low impact options for the development of the Mazaruni River and the export of energy" to the Brazilian market.

CARICOM's Energy Week is intended to "increase awareness" about economic and sustainable development in the Caribbean region.

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