Five bidders, including several major international infrastructure and energy companies, have submitted proposals for Guyana’s Amaila Falls Hydropower Project, with bid prices ranging from about US$416 million to US$800 million.
According to tender opening documents dated May 8, 2026, the submissions were received under the Office of the Prime Minister for the long-awaited hydroelectric project, which is expected to become Guyana’s largest renewable energy development.
The lowest-priced bid came from Sinohydro Corporation Limited at approximately US$416.9 million. China Gezhouba Group Company Limited-HYI submitted the second-lowest proposal at about US$432.3 million.
A consortium comprising CAMCE and CMEC submitted a bid valued at US$668 million, while the highest-priced proposal came from a joint venture involving OEC USA, GE Vernova and Worley at roughly US$800.1 million.
Another joint venture involving Afcon Infrastructure Limited and Scandian Infrastructure AB was also listed among the bidders, though the tender opening record stated that no form of tender page was seen for that submission.
The revised tender for the Amaila Falls project was issued after President Irfaan Ali announced that the government would pursue the development under a Build, Own, Operate, Transfer (BOOT) model.
The project calls for the construction of a hydropower facility with a minimum installed capacity of 165 megawatts at Amaila Falls in Region Eight. Located on the Kuribrong River, the development would include the hydropower plant, substation and a 23 square kilometer storage reservoir. Transmission infrastructure will be procured separately.
The government has said the final generating capacity could exceed 165 megawatts depending on advances in turbine technology and engineering design.
Interested firms were required to demonstrate experience constructing at least three hydropower projects exceeding 100 megawatts within the last 15 years, alongside detailed financing, execution and local content plans.
The Amaila Falls development forms part of Guyana’s broader strategy to diversify its electricity supply mix and reduce dependence on imported heavy fuel oil. Separately, the government is advancing its Gas-to-Energy project, which is expected to add about 600 megawatts of generating capacity across two phases.
