Cheaper power, small business aid on agenda of US development bank

Head of America’s Development Bank, Adam Boehler (centre), US Ambassador Sarah-Ann Lynch (left) and Private Sector Commission Chairman Nicholas Deygoo-Boyer at the press conference held yesterday at the Pegasus Hotel.

Facilitating access to cheap electricity was among key issues for possible assistance when head of America’s development bank, Adam Boehler and a team of investment officials met yesterday with Guyana’s private sector.

Sources say that government’s proposed gas-to-shore project could also be one of the first multimillion dollar investments.

Boehler, who is the Chief Executive of the US’ International Development Finance Corporation (DFC) told a press conference last evening at the Pegasus Hotel that how to get the cost of electricity down so that the average person pays less was one of the questions asked yesterday.