Energy

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 ...

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 ...

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 ...

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 ...

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, ...

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 ...

Vice President Bharat Jagdeo on Friday announced that large electricity consumers would be taxed to force them off the Guyana Power and Light’s (GPL) grid, even as the power company blamed the intensely hot weather in recent weeks for unprecedented increased electricity consumption in the Demerara-Berbice Interconnected System (DBIS). “We just agreed on a policy that we’d put for the ...

Power company workers were Monday afternoon working feverishly to restore electricity to several areas in Demerara and Berbice after a major connection between Golden Grove, East Bank Demerara and the Sophia substations. The Guyana Power and Light (GPL) technicians were trying to ascertain whether road works on the East Bank Demerara might have caused the transmission line to trip. “Our ...

The Guyana government and one of India’s leading engineering companies on Wednesday inked a US$155.99 million contract to provide to provide Engineering Procurement and Construction (EPC) services for  transmission lines and substations for the Natural Gas Liquids plant and the 300 megawatt natural gas power plant at Wales, West Bank Demerara, the Indian High Commission said. The deal was inked ...

The European Union (EU) is providing a new model of infrastructure pr0ject financing to Guyana and other Caribbean and Latin American countries that will see the bloc continuing to provide grants with the expectation that international and regional financial institutions will inject massive amounts of cash for larger projects, EU Ambassador to Guyana René van Nes said Thursday. “This is ...