Tag Archives: gas-to-energy project

The United States’ Export Import (EXIM) Bank on Friday confirmed that its board has approved a just over US$500 million loan for Guyana’s gas-to-energy project, despite the opposition Alliance For Change earlier in the day challenging the accuracy of Vice President Bharrat Jagdeo’s announcement. “Yes. The Board approved this transaction to notify congress. Once the 35-day congressional notification period ends, ...

The Board of the United States’ Export-Import (EXIM) Bank has approved a just over US$500 million loan for the gas-to-energy project at Wales, West Bank Demerara, with final approval expected at the end of a 30-day notification to the US Congress, Vice President Bharrat Jagdeo said Thursday. Originally, Guyana had applied for US$660 million to help finance the construction of ...

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 ...

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 ...