The provision of $8.4 billion in the 2021 budget to be spent on Guyana’s power generating sector will pave the way for the Irfaan Ali-led government to achieve its objective for affordable, stable and reliable energy throughout the country, Prime Minister Mark Phillips said on Monday as he made his budget presentation.
He noted that the strategic vision for the country’s energy sector incorporates the provision of affordable, stable and reliable energy for households and businesses with an energy mix that includes hydropower, natural gas, solar, and wind. With these energy generation plants on stream, he said, this will lead to more than 400 megawatts of newly installed capacity over the next five years and a reduction in the cost of energy by at least fifty per cent.
The PPP/C government, he added, is aiming to implement measures that will transform and boost the country’s energy sector. As part of its plan, he announced that the administration is seeking to generate 200 megawatts of power from natural gas, but in the interim, they are seeking to have the Amaila Falls hydropower project completed.
