Guyana’s National Assembly has approved an additional US$91.5 million (GY$19.09 billion) for the country’s flagship Gas-to-Energy project.
The allocation formed part of a supplementary appropriation approved during the July 27 sitting of the National Assembly. Opposition parliamentarians refused to participate in the sitting as they called for the dismissal of two ministers following the MV Barima tragedy. As a result, the approval of the funds, part of a broader supplementary government package, occurred without formal scrutiny.
According to the government’s budget documents, GY$19,087,525,110 (approximately US$91.5 million) was approved for the project to provide “additional resources to facilitate an accelerated work programme.”
The Gas-to-Energy project is one of Guyana’s largest infrastructure investments. It includes an integrated natural gas facility at Wales on the West Bank of Demerara, comprising a 300-megawatt combined-cycle power plant and a natural gas liquids (NGL) plant.
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The project is expected to use natural gas piped from the ExxonMobil-operated Stabroek Block to generate electricity, with the government aiming to significantly reduce electricity costs while producing natural gas liquids for domestic use and export.
The supplementary funding comes during a pivotal year for the project. The government expects initial commissioning of the first gas turbine before the end of 2026, with full commissioning of the power plant scheduled for 2027.
Construction has continued at the Wales site by contractor Lindsayca. Installation of the pipeline was completed in 2024.
