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Tag Archives: gas-to-energy project

President defends decision to keep GuySuCo afloat despite unprofitable production cost

President Irfaan Ali on Wednesday sought to justify his People’s Progressive Party Civic’s (PPPC) administration to keep the limping state-owned Guyana Sugar Corporation (GuySuCo) operational in its present form, although the US$1.31 per pound cost of production exceeds the selling price of US$0.35 cents per pound. “We cannot look at sugar only from that measurement that you used because there ...

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US hints EXIMBANK loan for gas-to-energy project closer; gov’t says ‘first power’ from Wales delayed to late 2025

United States (U.S.) Ambassador to Guyana, Nicole Theriot this week talked up the Wales gas-to-energy project as a pathway to cleaner energy, and sent a strong signal that the American government was poised to approve a loan for the 300 megawatt natural gas-fired power plant. “We’re literally this close to finalising the EXIM loan that underpins the project,” she told ...

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