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Guyana’s oil revenues will decline in short term; ExxonMobil won’t stop production in Guyana

Plummeting demand for oil as a result of the Coronavirus (COVID-19) pandemic and an oil price war are expected to see Guyana earning less than the US$300 million it had expected to rake in annually from the Liza Phase 1 project and force ExxonMobil to push back developing other oil reservoirs, an analyst said. ExxonMobil spokeswoman in Guyana, Janelle Persaud ...

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First Bauxite considers natural gas-fired aluminium smelter

First Bauxite LLC (FBX) has indicated to government that it would build an aluminium smelter in Guyana if natural gas, a cheap source of electricity generation, could be brought from hydrocarbon fields located offshore, Finance Minister Winston Jordan said. “They said if we can bring natural gas in sufficient quantities, they are prepared to put a smelter right there in ...

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Guyana to sell 5 million barrels of oil in 2020 -energy chief

Guyana is this year expected to lift and sell five million barrels of crude oil being extracted from the Liza-1 well from the ExxonMobil-led consortium under the banner of Esso Exploration and Production Guyana Limited (EEPGL), Director of government’s Department of Energy, Dr Mark Bynoe said Tuesday. “I am happy to say that Guyana is entitled to approximately five million ...

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Giftland poised to sell GPL electricity

The Guyana Power and Light Incorporated (GPL) has signed a contract with Giftland Mall for electricity to be supplied to the electricity company’s grid. Minister of Public Infrastructure David Patterson made the disclosure on the sidelines of the sod-turning ceremony for the construction of a solar project that is expected to power the CARICOM headquarters at Lilliendall. “The Power Purchase ...

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No place for incompetent, corrupt ministers in law-abiding PPP gov’t -Irfaan Ali

People’s Progressive Party Civic (PPPC) presidential candidate, Irfaan Ali on Sunday night vowed that if he wins the general elections in March, he would not tolerate incompetent and corrupt ministers and that his administration would obey the laws and Guyana’s constitution. “I know that I will not be a president that surrounds himself by ministers who are incompetent and corrupt. ...

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Blackout-weary Bartica gets new power station; solar farm plans moving ahead

President David Granger Saturday morning commissioned a US$3.4 million power station at Dogg Point, Agatash in Bartica, Cuyuni-Mazaruni (Region 7), where he noted that it will bring unprecedented relief to residents who have experienced severe power outages over the years. The President in his address at a simple ceremony, said it is inconceivable that Guyana can be on a path ...

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GMSA wants local sale of Guyana oil portion to lower electricity cost

The Guyana Manufacturers and Services Association (GMSA) recommends that the country’s entitled portion of refined oil be sold locally at a cheaper price in order to lower the cost of electricity especially to businesses. GMSA President, Clinton Williams noted that many of the “long-standing jeopardies” are closely linked to the high cost and unreliability of electricity, resulting in poor performance ...

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GPL Board overturns firing two directors

The Board of the state-owned Guyana Power and Light (GPL) on Friday overturned a decision by the Chairman and Chief Executive Officer to send home two directors, sources said. Deputy Chief Executive Officer, Renford Homer and Director of Human Resources, Bal Persaud could be back on the job if the Chairman, Rawle Lucas and the Chief Executive Officer, Albert Gordon ...

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GPL submarine cable back in operation

The Guyana Power and Light Incorporated (GPL) on Saturday announced that its 69,000 volt (69kV) submarine cable is back in operation following the successful completion of remedial works. The power company says following its return to operation, approximately 14 megawatts (MW) of power is being supplied to the eastern section of the Demerara-Berbice Interconnected System (DBIS). The submarine cable which ...

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Solar farms for Mahdia, Bartica, Lethem

The townships of Bartica and Mahdia in Region 8 and Lethem, Region 9 will benefit from an overall of 3.15-megawatt solar-powered mini-grids system totalling $1.7 billion (US$8.6 million). The project is being funded by the Inter-American Development Bank (IDB) and the Guyana Energy Agency (GEA). The 1.5-megawatt solar photovoltaic power plant at Bartica will benefit 15,000 residents in Bartica, while ...

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