Prime Minister Mark Phillips is assuring that the Wales Gas-to-Energy project will meets its target to go into operation this year.

In a statement, the Prime Minister said works are being advanced by the contractor on the 300-MW project and the company remains commitment to deliver first power in the national grid by the end of 2026.  
He said the project represents a defining moment for Guyana and for the energy future of every citizen of this nation.

Prime Minister Phillips reminded that the project aims to reduce electricity costs by 50 per cent and support domestic production of liquefied petroleum gas (LPG) for cleaner household cooking.

He said beyond immediate energy benefits, the Gas-to-Energy project is expected to enhance industrial competitiveness and strengthen the national energy mix.  

The Prime Minister also explained that the project is expected to double national generation capacity, improve reliability, reduce fuel imports, stabilise energy costs, and support a 50 per cent reduction in consumer electricity tariffs.

Lower energy costs, he said, will provide financial relief for households while improving industrial and commercial competitiveness across the economy.

In the project update, the Prime Minister also explained that substantial progress has also been recorded in works at the Gas-to-Energy site, with stringent milestones set moving forward following the agreement with Lindsayca Guyana Inc., which stated that it is committed to bringing the first power turbine online by the end of 2026 to be followed by all gas turbines fully commissioned by the first quarter of 2027 and the Combined Cycle operation to be completed by June 2027. 

He said failure to meet the milestones will allow the Government to re-instate liquidated damages against the Contractor.

The Gas-to-Energy project is more than a year behind schedule and has been plagued with multiple delays and other issues. The project is the largest infrastructure investment project in the country’s history.

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