Business

The Guyana government is finalising a deal with a Turkish company to rent a 36 megawatt barge, in an effort to satisfy peak electricity demand at a time when several generators are giving trouble, Vice President Bharrat Jagdeo said Thursday. Peak electricity demand in the Demerara-Berbice Interconnected System (DBIS) is just over 170 megawatts but existing generators are pushing just ...

The driver of a truck belonging to an Indian construction company, which slammed into a police vehicle and injured the current Guyana Police Force’s Traffic Chief, Superintendent Mahendra Singh last year, has been charged with dangerous driving. The driver, 29-year old Romel Benjamin of  15 Lovely Lass Village West Coast Berbice, was charged and arraigned on January 10, 2024, five ...

The High Court on Monday ordered the recently-elected 12-member Management Committee of the Guyana Public Service Cooperative Credit Union (GPSCCU) to take up office and so replace the Karen Van Sluytman-Corbin-led previous committee. “We are addressing that with our lawyers,” she told Demerara Waves Online News when asked if an injunction would be sought along with a new court case. ...

A tug and a barge on Sunday drifted and struck the Demerara Harbour Bridge, resulting in the deployment of emergency workers but officials said the movement of vehicles across the east-west thoroughfare would not be affected severely. “Yes, there has been an incident. It has not put the Demerara Harbour Bridge out of service,” Public Works Minister Juan Edghill said. ...

The United States Patent and Trademark Office (USPTO) is ready to assist a broad cross section of Guyanese understand the various aspects of Intellectual Property (IP) protection, amid observations that local IP laws are outdated. “Unfortunately, like everything else, laws tend to lag at issues and one of the areas in which the law is lagging is in terms of ...

Opposition A Partnership for National Unity+Alliance For Change (APNU+AFC) parliamentarian, David Patterson on Friday called out the private sector’s silence on the poor state of electricity generation in Guyana due to bad investments, brain drain and a botched maintenance plan. The Guyana government this week said there could be management changes at the Guyana Power and Light and Power Producers ...

Vice President Bharrat Jagdeo on Thursday hinted that the state-run electricity sector could face a management shake-up, even as the government searches for more electricity generators to bridge the demand gap ahead of the completion of the 300 megawatt  natural gas-fired electricity plant at Wales, West Bank Demerara. “We have to fix it. Whatever it takes, we can’t continue with ...

Vice President Bharrat Jagdeo on Thursday said the two India-made planes that arrived last week for the Guyana Defence Force (GDF) are brand new aircraft and the US$23.37 million deal includes spares and training. Responding to criticisms from opposition critics that the two Hindustan Aeronautics Limited (HAL)-made Dornier 228 planes were second-hand and the price was inflated to facilitate a ...

The Caribbean Export Development Agency (Caribbean Export) has crafted a strategy to attract investment in three key areas at the Caribbean Investment Forum (CIF) to be held in Guyana later this year, a top official said Wednesday. Caribbean Export’s Executive Director, Deodat Maharaj said the event slated for July 10-12, 2024 at the Arthur Chung Conference Centre, Liliendaal, Greater Georgetown ...

Minister of Public Works II, Deodat Indar on Tuesday said only nine of the 17 reconditioned containerised electricity generation sets that were bought for US$27 million were working but strenuous efforts were being made by Guyana Power and Light Inc (GPL) to connect more units to the grid by weekend. “By Saturday, we are told by GPL, an additional six ...