Guyana’s Vice President Bharrat Jagdeo has indicated that Guyanese might receive some ‘black-out’ relief sooner than initially expected, ahead of the highly anticipated Gas-to-Energy project going live on November 1. He said the government is considering a proposal to use gas from the Liza field.
“There is a proposal that I know of that could utilize the gas to generate power…that if we could generate 300 megawatts from, say, the use of a barge until the powerplant is ready,” Jagdeo shared at his weekly presser on Thursday. He said, “That would save us about a million US [dollars] per day because to buy the Bunker C to generate 300 megawatts of power, it will cost us a million US per day.”
That proposal came from Karpowership International. The Turkish company is already supplying Guyana with electricity from two ship barges whose generators are being powered by bunker C fuel.
Guyana’s highly anticipated 300 megawatt (MW) Gas-to-Energy power plant is expected to start operations on November 1. The pipeline for the project has already been built by ExxonMobil Guyana.
While the use of the gas is a serious consideration, Jadgeo indicated that no firm decision has been made. “We haven’t decided whether we want to pursue it pending the completion of the Gas-to-Energy because we have to see…whether we can utilize all 300 megawatts of power,” he stated.
A guide to Guyana’s Gas-to-Energy project | OilNOW
When completed, the project’s benefits will include a doubling of the country’s electricity generating capacity to meet growing demand and a reduction in the cost of generation, thereby enabling electricity prices paid by consumers to be cut by 50%.
This is expected to facilitate rapid expansion in industrial activity and immediately improve the competitiveness of the manufacturing sector and all other productive sectors that are energy intensive. Guyana authorities say this will deliver vast employment and entrepreneurial opportunities to the South American nation.
