Give EWI support - Shaw
One week after Energy Minister Phillip Paulwell signed a licence for Energy World International (EWI) to provide 381 megawatts of electricity to the national grid, Audley Shaw, the opposition spokesman on finance, wants the Government to give all the support the company needs to make it possible.
"The LNG (liquified natural gas) 381-megawatt project must be given national priority to ensure that the financing is put in place expeditiously to make it happen," Shaw said during his contribution to the 2014-2015 Budget Debate in Parliament yesterday.
"The Government should help to target funding from the multilaterals as part of the drive to get the project on a fast track once it is satisfied with the technical capabilities of the winning bidder," Shaw said.
EWI is relying on the multilaterals to provide financial support for the non-equity part of the project, which, it says, will cost US$737 million to execute.