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Danish company is not going to invest heavily in Suriname

Photo: ANP

The Danish hydrogen company Hybrid Power System Group (HPSG) is not going to invest heavily in Suriname after all. Almost a year after the announcement of the company’s arrival, the Surinamese government has decided to dissolve an earlier agreement. This is because the Danes would not have kept the agreements made.

“Rights and obligations are included in the contract with HPSG. If the other party does not comply with this, we can distance ourselves,” Foreign Minister Albert Ramdin said during a press conference. An important commitment for HPSG was to confirm financing in place before the end of 2021. As it became clear that this confirmation was not forthcoming, Suriname pulled the plug on the cooperation.

According to the plans, the Danes would invest 1.2 billion US dollars, converted more than 1 billion euros, in the construction of a hydrogen power plant. After realization of this, Suriname would start purchasing from this central green energy. The investment would certainly create 600 jobs.

But quite soon after the company’s first presentation in March 2021, uncertainty arose about the company. For example, there was hardly any information about HSPG on the internet. This ”invisibility” prompted several researchers and journalists to conduct further research. For example, there were Danish journalists who revealed that the Danish founders of the company had been involved in several bankruptcies in the past.



Danish company is not going to invest heavily in Suriname
Source link Danish company is not going to invest heavily in Suriname

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