Which recommendations are applicable for Guyana's gas to power project?

The following recommendations are therefore applicable for Guyana’s gas to power project. Adequate grid infrastructure, policy, and legislative changes are required to ensure that all Guyanese benefit entirely from the gas to power project.

What are the economic benefits of gas to power project in Guyana?

The gas to power project in Guyana has significant transformational opportunities, particularly in that natural gas is a cheaper, more reliable, and cleaner source for electricity. The expected economic benefits are as follows:

What resources are available in Guyana?

In Guyana, solar energy, wind and hydropower are good complementary resources. Solar energy is available during daylight hours, peaking at noon, while wind is stronger during evening hours and at nights. Wind is lower during the wet seasons, while hydropower is fully available.

Could a gas-to-power project improve Guyana's Electricity Reliability?

Guyana’s plan to improve the reliability of its electricity and lower the cost of electricity through a gas-to-power project could be a critical pillar that ensures that the benefits of natural resource exploitation are broad-based this time around. The gas-to-power project has two phases:

Will a gas to power project improve social services in Guyana?

A gas to power project is expected to improve the availability and quality of social services in many communities. Based on current population growth rates, Guyana’s per capita GDP is projected to exceed US$16,900 by 2030, enabling the country to reach close to high-income status.

What is the future of energy in Guyana?

The development of alternative renewable energies, such as solar, wind, hydropower, and biomass technologies, remains a key priority for the future growth of the energy sector in Guyana. Government of Guyana has committed to reducing the cost of electricity by at least 50% over the next five years (Budget 2022).