The PPP/C government yesterday said that it used five pre-existing studies done under the APNU+AFC administration to determine that the gas-to-shore project was financially viable and would cut energy costs by at least half.
At a press engagement he facilitated yesterday at the Arthur Chung Conference Centre, Vice President Bharrat Jagdeo was bullish on the investment for the project and assured that the approximate US$810-900M project will produce power at around US 7 cents per KWH compared to US 14 cents that the Guyana Power and Light is producing at.
The government has come under increasing pressure to justify the decision in favour of the project and to locate it at Wales, West Bank Demerara.
