Introduction
As indicated last week, due to limited space in that column, I start today’s with the promised presentation of a listing of the valuation criteria used by the Guyana Authorities to inform their decision about the site of the proposed natural gas power plant and related facilities at Wales. The country’s international partners that have been cooperating with it since 2015, in the development of local capacity to effectively manage the emerging petroleum sector have indicated thus far, no signals that they are full participants in this process. Indeed, one observes the international partner which has been leading these collaborative efforts to date, and by some distance, the Inter-American Development Bank, IADB, has publicly indicated it has played no role in the location at Wales decision.
On May 16, Stabroek News had reported the IADB as stating “while it funded studies in the use of associated gas from offshore oil for power it had no role (my emphasis) in the selection of Wales, West Bank Demerara as the site for a planned energy plant