In what will be the country’s most expensive public sector project ever, the contract to build the US$759 million, 300 MW combined-cycle power plant and a natural gas liquids (NGL) facility at Wales, West Bank Demerara (WCD), was yesterday inked between Guyana and US companies CH4/Lindsayca.
At the core of the project is a pledge by the government that power charges to householders and industry will be halved when energy is produced.
Signing of the contract came after months of concern that Guyana faces environmental and safety risks from this sprawling project and should not be locked into an enterprise that will burn fossil fuels for decades.
