Dear Editor,
Some questions regarding Gaafaru wind farm project and especially Falcon Energy who is handling the project:
What is the country of origin of Falcon Energy? Thats not mentioned anywhere – not even in the presidents office press release. So upon searching I find this article about the Gaafaru project that suggests that Falcon Energy is from Texas.
http://www.cleanskies.com/articles/maldives-invests-wind-energy
So looking further for company information we come across this:
http://www.manta.com/coms2/dnbcompany_fgwz2m
So a small private company from Texas with reportedly less than five staff is raising US$200 million in direct investment, with GE as their technical partner for a completely new venture. (It is also possible that the company information above maybe outdated and therefore not accurate.)
My opinion: Now having General Electric on board would convince most people who are not mildly informed of corporate scams to take the authenticity of this project for granted. I can assure you that nothing is beyond imagination in the corporate world – look up the recent Madoff scam for a clue. I am NOT suggesting this is a scam of any sort – I am saying that we need more information than just the Falcon Energy name and its not a very clear picture we are getting.
Further questions: At the official event to start the project,
1. STELCO CEO was talking about tourism development that is part of the project. Does this not bother you a bit? A Maldivian resort makes millions – is Falcon getting this as a compensation to make the project feasible? Does this mean the project is not self-sustaining like we are led to believe from the president’s speech? Also wouldn’t you think the electricity COULD be dirt cheap if subsidised by earnings from running a resort?
2. The feasibility is yet to be done by GE. Ok, then what was the event about?
3. Our President Nasheed, in his customary style, casually mentioned the prices at which STELCO is going to purchase the electricity from Falcon Energy. How is that even possible without a feasibility?!
Where are the investigative journalists?!
Regards,
Anonymous
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It is very likely that Yaamin & Jangiyaa Nazim is behind these things in inviting fellow con-artists to come and try out their luck whenever the current government opens any tender.
These two local con-artists have had many paper companies and gobbled-in billions if not millions from the state for 30 years. It's likely that they want to bring others like them into the Maldives and eventually tips off the media about the particular investor being bogus. Motive? (1) To create public hatred against this government; (2) delay the government's projects; (3) and hopefully to win the 2013 election; (4) get away with the cases against them for good by the verdicts of their own judges and commissions.