The US Embassy in Georgetown has announced that the Chairman of the U.S Export-Import Bank (EXIM), John Jovanovic will arrive in Guyana on Thursday for several high-level meetings, which will be focused on strengthening economic cooperation.

The meetings will also discuss the country’s transformative gas-to-energy project, and reaffirming strong support for future opportunities in Guyana.

The US-EXIM Bank Chairman will meet with President Irfaan Ali, the American Chamber of Commerce in Guyana, and staff from Lindsayca Inc., which is the Houston-based contractor executing the gas-to-energy project.

The project, which continues to face several completion delays, has received $527 million in EXIM financing.  The Embassy said the visit demonstrates the U.S. government’s continued commitment to not only the landmark infrastructure initiative, but also in financing additional Guyanese development projects.

It was noted that the gas-to-energy project represents the largest infrastructure investment in Guyana’s history.

Once completed, it will double the country’s installed electricity capacity, reduce electricity costs by 50% for all Guyanese households and businesses, and cut carbon dioxide emissions by more than 460,000 tons annually.  

The project includes construction of a natural gas separation plant, a 300-megawatt combined cycle gas turbine power plant, and a gas supply pipeline.

The EXIM Bank Chairman’s visit, according to the Embassy, underscores the depth of the U.S.-Guyana partnership and the United States’ long-term commitment to supporting Guyana’s economic development and energy security through reliable, competitive and transparent financing.

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