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Paulwell should tell all, analysts demand

Published:Tuesday | May 6, 2014 | 8:05 AM

Damion Mitchell, Gleaner Writer

KINGSTON, Jamaica:

The Energy Minister Phillip Paulwell will this afternoon take to Parliament to outline the Government’s next move in the Energy World International (EWI) saga.

Yesterday, Government sources reported that the Prime Minister has ordered the revocation of EWI's licence to construct a 381 megawatt energy plant.

The instruction came after the company missed the deadline to post its US$36.85 million performance bond.

It is understood that the Prime Minister is inclined to having the entire process put back to tender.

One week ago, EWI issued a statement saying it had deposited the performance bond to its Hong Kong bankers.

Paulwell said he was giving sufficient time for the bankers to undertake the necessary due diligence.

Last night, political commentators Kevin O’Brien Chang and Dickie Crawford told our reporter that when Paulwell speaks in Parliament today, he should explain why he insisted on EWI even though it had no track record.


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