By Delicia Janneire | January 11, 2025 Guyana has taken a significant step forward in its energy development with the signing of a US$527 million loan agreement with the United States Export-Import (US EXIM) Bank for the Gas-to-Energy (GTE) project. The agreement was formalized on Friday during a ceremony at the project site in Wales, […]
By Delicia Janneire | January 8, 2025 Prime Minister Brigadier Retired Mark Phillips is optimistic that the Gas-to-Energy (GTE) project will meet its completion deadline, despite ongoing progress and logistics. Speaking at his year-in-review press conference this week, the Prime Minister provided updates on several key energy projects, including Gas-to-Energy and the Amaila Falls Hydropower […]
By Delicia Janneire, December 7, 2024 Residents of New Forest in East Canje, Berbice, will soon experience the convenience of electricity for the first time, with the service expected to be provided just before Christmas. Finance Minister Dr. Ashni Singh announced this during an outreach session with the community. The initiative is part of the […]
December 7, 2024 Guyana is advancing towards a renewable energy future with the commissioning of a 0.65-megawatt grid-forming solar photovoltaic farm in Mahdia, Region Eight. The $362.41 million project, funded by the Inter-American Development Bank, aims to provide sustainable energy, reduce costs, and lower carbon emissions. The solar farm is projected to save $80.5 million […]
By Josiah Williams | December 4, 2024 Regulatory stability will play a crucial role in securing future investments in the Guyana-Suriname Basin, according to Alistair Routledge, President of ExxonMobil Guyana. Routledge made this statement during an appearance on the Energy Perspectives podcast, a weekly series leading up to the Guyana Energy Conference and Supply Chain […]
By Josiah Williams | November 29, 2024 International Group Investments Inc. (IGI Inc.), a local company that was awarded oil blocks in 2022, is broadening its impact in Guyana by making significant investments in the agriculture and education sectors. As part of its corporate social responsibility strategy, IGI Inc. has acquired land in Moblissa and […]
By Josiah WilliamsNovember 28, 2024 Guyana has implemented robust systems to prevent future suspensions from the Extractive Industries Transparency Initiative (EITI), according to Senior Minister in the Office of the President with responsibility for Finance, Dr. Ashni Singh. The assurance was provided during financial debates in Parliament as the government defended a request for $125 […]
By Josiah Williams | November 28, 2024 The United States Export-Import (EXIM) Bank has approved Guyana’s loan application for the Gas-to-Energy (GTE) project, marking a significant development in the government’s efforts to lower electricity costs and expand energy infrastructure. The announcement was made by Vice President Bharrat Jagdeo during a press conference, where he outlined […]
By Saskia Warrick | November 15, 2024 General Secretary of the People’s Progressive Party (PPP), Bharrat Jagdeo, has responded to Opposition MP David Patterson’s criticism regarding the rental cost of power ships, which Patterson suggested could have been used to address the issues facing the Guyana Power and Light (GPL). Jagdeo provided a detailed breakdown […]
November 13, 2024 GPEC Energy Products (Guyana) Inc. officially launched its operations in the local market with a ceremony held yesterday evening. As the first distributor of engineered equipment tailored for the oil and gas industry in Guyana, GPEC aims to play a pivotal role in the country’s growing energy sector. The company is committed […]