Marcelle Thomas

There will be no Environmental Impact Assessment (EIA) conducted before the construction of the New Demerara Harbour Bridge as the EPA yesterday announced that it “will not significantly affect the environment,” even as it listed potential impacts.

TriStar Inc has announced that it has received all the regulatory approvals to move ahead with a planned state- of-the-art shorebase facility, which it says will be operated to international safety, security, and environmental standards.

As he underscored that government will keep implementing policies across the board for small businesses’ growth, Minister with responsibility for Finance Dr Ashni Singh says that the bid security for contracts under $7 million has been removed and he lauded the increased participation of small contractors in the public bidding process.

While government has extended the deadline for submission of bids for the New Demerara River Bridge by two months, it is not relenting on having the project completed in two years and this position was emphasised to bidders at a pre-bid meeting on Monday.

A clause in government’s environmental permit for the upcoming Payara Well may give ExxonMobil carte blanche to flare continuously for free thus dimming any hope of Guyana collecting on the US$30 per tonne of carbon dioxide equivalent (CO2 eq) fine it has imposed for flaring over 60 days, former EPA Director Dr.

With a rigid two-year construction completion date among the over 250 technical and financial questions raised by pre-qualified bidders for the New Demerara River Bridge (NDRB) project, the Ministry of Public Works will tomorrow morning host a pre-bid meeting to iron out the issues, ahead of the August 3 deadline for bid submissions.

By Marcelle Thomas and Readawne Henery Faced with a renewed protest by members of the Rastafarian community for movement on the removal of custodial sentences for the possession of small amounts of marijuana, Attorney General Anil Nandlall yesterday urged patience.

The Lusignan heliport, which aims to provide the oil and gas industry with helicopter services, is set for launch in October and would be able to accommodate as many as 20 choppers at a time.

Persons who have purchased duplexes or condominiums from the state would soon be able to access the titles to their properties as the draft amendments for the Condominium Act have been completed and are currently with stakeholders for analysis, Attorney General Anil Nandlall has announced. 

Nearly 20,000 tonnes of steel sheet piles are being stockpiled by Tristar at its planned Malgre Tout offshore base as the company prepares to begin revetment works at the facility.

With nearly US$345 million in a United States account from oil proceeds and no legislation for a Natural Resource Fund or its spending nearly 18 months after oil production began, the World Bank says Guyana’s fund needs early operationalising.

As United Kingdom-based company Valiant Business Media (VBM) prepares to host the third Guyana Petroleum Exhibition (GIPEX) summit virtually next month, Vice President Bharrat Jagdeo on Friday announced that government would not be participating, citing concerns about inadequate local content initiatives and accusing the organisers of ties to the opposition.

After filing lawsuits against the principals of Cevons, Car Care and Courtney Benn, the government yesterday announced that it will settle with all three parties but vowed to pursue public officers who might have transgressed.

Rising food prices underscore the national importance of the Intermediate Savannahs soya bean and corn project, according to investor and Bounty Farm Director David Fernandes, who says the venture represents a long-term solution to the country’s reliance on imports.

Upbeat about being part of a project to produce corn and soya bean locally for livestock feed, Chief Executive Officer and owner of Guyana Stockfeeds Inc, Robert Badal says the initiative will significantly decrease reliance on imports and ensure prices, especially for poultry, remain constant.

Scheduled to be commissioned in June, Demerara Distillers Limited (DDL) will be importing milk powder for its pasteurised milk  processing plant until this country has an “organized dairy sector”, Chairman Komal Samaroo says.

An oil and gas masterplan for Guyana done by the Government of Japan had concluded in 2019 that a gas to power solution based on the country’s petroleum operations is economically viable but it leaned heavily in favour of an offshore facility rather than an onshore plant.

Canada-based Guyanese Omkaar Sharma will be investing around $75 million (CDN$450,000) in a Region Five plant to bottle farmers’ milk for sale across the country.

Having recently purchased land on the East Bank and East Coast of Demerara, Trinidad and Tobago headquartered Ramps logistics plans to significantly expand its oil and gas support services here and is hoping that an export free zone will be established in the future to catapult Guyana as a hub for exporting equipment and services, especially to the region.

If Guyana can get the approximate US seven cents per KWH projected for electricity from the gas-to-shore project, it should grasp the opportunity as this could be the catalyst for broad economic development but the suppositions must be underpinned by robust studies, financial analyst Floyd Haynes says.