Energy

Vice President Bharrat Jagdeo on Thursday assured Guyanese that they would not be paying more for electricity, although government is leasing a 36 megawatt electricity generation ship. “There will be no increase in the price for electricity because of this rental,” he told a news conference. Mr Jagdeo explained that under the deal with Urbacon Concessions Investment (UCI), the state-owned ...

President Irfaan Ali on Friday announced that government has turned to Cuba for engineers to help manage the Guyana Power and Light’s (GPL) electricity system. He said government has approved GPL’s hiring of 10 additional engineers with the “relevant skills” to ensure maintenance and reliability of the system. “They have very skilled technical personnel who they are willing to deploy ...

The Guyana government is rejecting a US$50 million demand by American joint venturers, CH4/LINDSAYCA, for a three-month delay in the installation of electricity generators as part of the 300 megawatt natural-gas fired power plant because other contractors took too long to complete related works. He said CH4/LINDSAYCA wants more time to install four gas turbines of 57 megawatts each — ...

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 ...

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 ...

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 ...

Attorney-at-Law Nigel Hughes on Friday recommended a wide-ranging overhaul of Guyana’s political, educational and economic systems so that all Guyanese benefit from the country’s wealth in an era where ideology is no longer a barrier. Among his recommendations is that there be truth and reconciliation of atrocities that had been committed over the decades while at the same time craft ...

The Georgetown Chamber of Commerce and Industry (GCCI) on Wednesday said it relied on “publicly available” information about the gas-to-shore project to assess its feasibility and was confident that government would not have to subsidise its operations to keep its promise to cut electricity rates by 50 percent. “We have not seen that that will be the case,” Senior Vice ...

Vice President Bharrat Jagdeo on Thursday said the United States’ Export-Import Bank (EXIMBANK) would approve an application for US$660 million to finance the construction of the Gas-to-Shore natural gas-fired electricity and liquids plants at Wales, West Bank Demerara. He said he received “assurance” from the President and Vice President of the EXIMBANK, Department of Commerce and the US State Department ...