By Kimberly Giddings
February 21, 2025
Siemens Energy has been identified as the preferred company to manage and operate the power plant component of Guyana’s Gas-to-Energy (GTE) project in Wales.
This follows the government’s Request for Proposals launched in 2024.
Three companies—Siemens Energy of Germany, CH4 Systems of Puerto Rico, and Ethos Energy of Texas, USA—expressed interest in overseeing the operations of the project.
During his presentation at the Guyana Energy Conference on Wednesday, GTE Project Lead Winston Brassington announced that Siemens Energy was selected based on its technical compliance.
The government is now in negotiations with Siemens Energy, with plans to finalize the contract within the next few months.
Additionally, authorities are seeking subcontractors for the natural gas liquids (NGL) operations, with both agreements expected to be in place by mid-year to ensure a smooth transition between construction and operations.
The GTE project is a major step in Guyana’s energy development, positioning the country as a key supplier to the Caribbean and Latin America.
The first phase aims to cut electricity costs by 50%, expand power capacity, and generate revenue from natural gas byproducts.
The facility is being constructed by CH4 Lindsayca at a cost of US$759 million, with ExxonMobil completing the pipeline infrastructure.
The project is further supported by a US$527 million loan from the US EXIM Bank and is expected to save Guyana over US$250 million annually.