GAICO Construction and General Services Inc. announced that it completed the materials offloading facility (MOF) for the Gas-to-Energy project and is currently undertaking the laying of 26 kilometers of onshore pipelines.
“As a local company we are excited about this development for the future of Guyana. It also allows us to develop our local workforce to elevate their skills in the area of oil and gas and pipeline installation,” said GAICO’s Chief Executive Officer (CEO), Komal Singh in a December 20 Facebook post.
The US-based partnership CH4/Lindsayca will be constructing the power plant in an integrated facility with a natural gas liquids (NGL) plant, for US$759 million.
The GY$5 billion will also be used for project management and supervision expenses and components relating to the upgrade of Guyana’s transmission and distribution Network.
Kalpataru Projects International Limited (KPIL), an Indian company secured the US$159 million contract to develop transmission lines and substations. The installation is scheduled for completion by 2024.
GtE is touted as the most transformational project in Guyana’s history. It involves building a pipeline to transport 50 million cubic feet of natural gas from the Liza field operated by ExxonMobil to the processing facility at Wales.
The project is already moving apace with construction shaping up at the Wales site.
