Prime Minister Mark Phillips yesterday told the National Assembly that the government is continuing to work towards cutting the electricity cost by 50% as according to him the Gas-to-Energy taskforce has made substantial advances.
Stating that budget 2024, the largest in the country’s history, has sent “shivers” through the opposition, Phillips asserted that major strides in shaping the future of Guyana have been made through the transformative gas-to-energy power generation project.
According to him, this project is significant for all Guyanese because of the positive impacts it will have, allowing for cheaper and more affordable electricity at approximately 50% less cost when it is completed. “This is what our party promised to the people of this country before we assumed office, and this is what we will deliver to them. Mr. Speaker, the Gas-to-Energy Taskforce has made substantial progress in the integrated power plant and NGL (natural gas to liquids) facilities, with 6.8% completion of Balance of Plant (BOP) site preparation.”