New Guyana government looks to add 400MW of generation

Guyana’s new government will seek to add 400MW of new generation capacity over the next five years, President Mohamed Irfaan Ali (pictured) said in his inauguration speech.

“To stimulate business enterprises, we will reduce the cost of energy by 50% through a mix of hydro, gas, solar and wind,” according to the head of state.

Days earlier, during his swearing-in as new public works minister, Bishop Juan Edghill highlighted that the administration will work to supply cheaper electricity.

“We have to be able to provide reliable, renewable and cheap electricity. We have to be able to realise our full potential in converting our gas into fuel onshore for the industrial realisation of our country to catapult manufacturing at a cheaper cost,” the government’s Department of Public Information (DPI) quoted the minister as saying.

Also Read Gas to shore will be ‘critical’ for Guyana

Commenting on the economic windfall from the development of the country’s hydrocarbons sector, Irfaan said: “We are conscious that the proceeds of this bounty must be managed in a transparent way that will assure the people of Guyana that they will be the beneficiaries in a fair and equitable manner.”

The president announced the creation of a petroleum commission “to ensure that the oil and gas sector is not subjected to undue political interference.”

For their part, the foreign ministers of Guyana and Suriname pledged to increase cooperation, particularly on the oil and gas front, DPI reported.

Last month, Suriname’s national assembly elected Chan Santokhi as president.

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