Last Updated on Thursday, 6 March 2025, 21:31 by Writer
Guyana on Thursday announced that it has opted to go to arbitration over claims totalling US$100 million by the American-Puerto Rican joint venture, Lindsayca/CH4, for preparation works being done at the site for the natural gas power plant and natural gas liquids plant at Wales, West Bank Demerara.
The Prime Minister’s office said both government and Lindsayca/CH4 on February 27 – within that timeframe – served a Notice of
Dissatisfaction on the other, “signaling its intention to initiate arbitration.
The arbitration will be administered by the France-based International Chamber of Commerce (ICC), with the venue in Washington, D.C.
No details about the amounts or the nature of dissatisfaction were provided by government “All DAAB (Dispute Avoidance and Adjudication Board) decisions in this matter are confidential,” government said.
For the first time, government indicated that works had been affected by the dispute, saying on Thursday that they would recommence the US$759 million integrated facility which government touts will cut electricity tariffs by half, make Guyana a cooking gas manufacturer and supplier and provide liquids for fertiliser manufacture. “The contractor has resumed onsite activities, including piling, and preparations for foundation work are imminent,” the Prime Minister’s office said.
Government also added that construction of a cement batching plant is underway, steel for foundation work has been delivered to the site, and a man camp is being established, with more than 170 workers currently mobilized.
