The Private Sector Commission (PSC) is positive that the Gas-to-Energy project will enhance Guyana’s energy capacity and reduce dependence on oil imports, while positioning Guyana to achieve greater energy security and economic diversification while fostering regional competitiveness.
In a release on Friday, the PSC commended the United States Export-Import Bank (EXIM) for its approval of a $526 million loan to support Guyana’s transformative energy project, which will see the construction of a natural gas separation plant, a 300 megawatt combined-cycle gas turbine power plant, and a gas supply pipeline. It is expected to double Guyana’s installed electric capacity, substantially reduce carbon emissions, and stimulate economic activity through job creation and infrastructure development.
