The contract for the construction of a gas-to-energy plant at Wales was signed today, marking the commencement of what is said to be the largest public project ever undertaken in Guyana.

The Contracting firms Lyndsayca Incorporated and CH4 were given the task to build the combined power and Natural Gas liquid plant at Wales.

Delivering remarks at the signing ceremony today, Vice President, Bharrat Jagdeo said the government is committed to seeing the project developed along the highest international standards because of its importance for the future of the energy sector in Guyana.

According to Mr. Jagdeo, the government worked overtime to get to this stage and will be holding the contracting firms accountable to deliver a quality project to the Guyanese people.

“Timelines are important for us, the quality of the work is important and staying within budget. These are three things that we will look for and monitor carefully and so this allows to fulfill one of the things we mentioned in our manifesto—that we wanted to ensure that the people of this country the business sector in this country will have reliable, cheap power,” the Vice President said.

Describing the project as the largest project the country has ever embarked on, President Irfaan Ali said he is not doubtful that the project will encounter challenges but added that those challenges will present the opportunity for the country to build capacity.

He said too, that the importance and the magnitude of the project when completed will see a total transformation of the country’s energy sector.

“This project is not only about generation of power and liquids. Understanding the opportunities that this project will unlock for us as a country is just enormous, from the liquids perspective from energy and building our competitiveness on the energy side,” the President said.

US Ambassador to Guyana Sarah Ann-Lynch who delivered brief remarks welcomed the government’s push to bring down energy cost which she said will stabilize the country’s manufacturing sector.

She said the selection of the US-based company to construct the plant will inspire confidence and other large US corporations will be eyeing Guyana.

“My hope is that lower the cost of electricity and improving its reliability will enable growth in manufacturing, add value to Agricultural products and allow for serious advances in every sector in every region in Guyana,” the Ambassador noted.

When completed, the 300 megawatt power plant and NGL plant will be owned by the Government of Guyana.

The project will see the establishment of a gas processing plant (GPP) and a natural gas liquids (NGL) facility, capable of producing at least 4,000 barrels per day, including the fractionation (or separating out) of liquefied petroleum gas (LPG).

A power plant will be established to generate 150 MW, with an additional 150 MW in a second phase, and that an industrial park will be established to comprise industries that could use gas, steam and/or electricity.

ExxonMobil’s local affiliate, Esso Exploration and Production Guyana Limited (EEPGL), has guaranteed the government that a minimum of 50 million standard cubic feet of gas per day (mmscfd) will be transported through the pipeline by 2024.

Related posts:

Vice President outlines plans for Guyana’s gas resource at Energy Conference in Texas Jagdeo dismisses criticism of multi-billion dollar gas to energy project Exxon to recover investment in gas to energy project through sale of gas to power plants Contractor identified for gas-to-shore project at Wales -President Ali announces