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The project was hindered after China Railway First Group (CRFG), the company that won the contract, had informed Government that it was facing difficulties meeting the contract obligations of a Build-Own-Operate-Transfer (BOOT) model.
Source: https://www.inewsguyana.com/brazil-signals-interest-in-amaila-falls-hydro-project-vp-jagdeo/
Though the government had initially awarded a contract to the China Railway Group Limited to construct the AFHP based on a Build-Own-Operate-Transfer (BOOT) model, the company later requested to change the BOOT contract arrangement to an EPC contract.
Source: https://guyanachronicle.com/2023/01/17/43-3b-allocated-for-wales-gas-to-energy-project/