Iralalaru update
Some progress has been made for the Iralalaru project: The environmental report has been accepted by the government, and we may proceed with the planning and preparations.
It has been a long time since the project documents were presented back in 2006, so the next step now is to update some technical and financial data – including the latest hydrology data and adjusting the technical specifications, as well as updating the financial data to reflect today’s construction cost and oil prices.
You may have heard that there are some misunderstandings with regards to the construction of the project, causing one representative for the government to claim that it is taking too long to construct it, as it has been under construction since 2003. This surprises us, as the construction not yet has started, and that a lack of follow-up from the government is one reason for this. We also hear that there is a lack of political will to start construction of Iralalaru, and that the government prefers to produce power based on burning heavy fuel oil. We hope and believe these rumours are wrong, as it is difficult to imagine that the leaders of this country should prefer to develop polluting and expensive energy in favour of clean and cheap hydropower…