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Energy

Massive national overhaul needed for true human development- Lawyer Hughes

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 ...

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Georgetown Chamber confident gas-to-shore project is feasible

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 ...

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US EXIMBANK poised to approve US$660 million for gas to shore project- Jagdeo

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 ...

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CARICOM supports Saudi Arabia to host Expo 2030, fight climate change, increase food production

The 15-nation Caribbean Community (CARICOM) has formally agreed to back Saudi Arabia’s bid to host Expo 2030 in Riyadh and the establishment of an international water organisation,  in exchange for support in a range of areas including combatting climate change and boosting trade, investment and food security, according to a joint statement. The leaders declared to support Saudi Arabia’s bid ...

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EU prepares for first trade mission to Guyana; urges Guyanese to grab opportunities

At least 20 European companies have signaled their intention to participate in the European Union’s (EU) first ever trade mission under the “Global Gateway” partnership initiative with 150 countries, EU’s Ambassador to Guyana, “We would have the very first trade mission coming to Guyana and that trade mission is here under the heading of the Global Gateway,” Rene Van Nes ...

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GPL hopes to ease blackouts by mid-December, amid private sector concerns

The Guyana Power and Light (GPL) hopes to reduce frequent blackouts by December 15, 2023 by buying  28 megawatts of generating capacity and repairing a 7.8 megawatt generator at its Kingston power plant, Public Works Minister Deodat Indar said Thursday. “Between now and then, the load-shedding would have to be managed,” he told a news conference. He said the current ...

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3rd Guyana Energy Conference and Expo billed for early next year

Guyana’s premier Energy Conference and Expo returns for its third installment in 2024, rebranded as Guyana Energy Conference and Supply Chain Expo, and projected to attract a larger number of participants, the event’s secretariat said Thursday. The Secretariat, along with its partners, said participants would include keynote speakers, policymakers, local and international industry experts. With over 1,200 attendees, 60 international ...

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Natural Resource Ministry official to be disciplined for negotiating expense reduction with ExxonMobil

The Ministry of Natural Resources’ Senior Petroleum Coordinator, Gopnauth “Bobby” Gossai is to be disciplined for negotiating the reduction US$214 million in expenses with ExxonMobil-controlled Esso Exploration and Production  Guyana Limited (EEPGL) down to US$3 million, Minister of Natural Resources Vickram Bharrat said late Thursday night. “Therefore, after examining all the facts it is clear that Mr. Gossai acted without ...

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Cabinet discusses probe report on unauthorised negotiations with ExxonMobil to reduce expenses

Cabinet on Thursday discussed a report on an investigation into how officials if Ministry of Natural Resources had negotiated the reduction US$214 million in expenses with ExxonMobil down to US$3 million, Vice President Bharat Jagdeo said. “We’re taking it serious,” he said. He said the outcome of Cabinet’s consideration of the report that was presented by Minister of Natural Resources, ...

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Amaila Falls Hydropower station on front-burner again

More than one year after China Railway First Group backed out of plans to build the Amaila Falls Hydroelectricity Plant (AFHP), government on Thursday announced that would in another two weeks issue a public request for proposals due to increased international interest in the project. “Now, I think there is a large number of people approaching us and the best ...

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