Cost-Cutting Energy Projects Will Attract More Foreign Investments In Guyana

• With the excitement brought on by the string of petroleum discoveries offshore Guyana, the country is already a coveted investment destination. President, Dr. Irfaan Ali plans to make the environment even more attractive to foreign direct investors.
• The government intends to add some 500 megawatts of new power, using the gas-to-energy and Amaila Falls hydropower projects, and several small-scale renewable energy projects, before the end of its term. The projects are intended to cut the cost of power by half and improve the reliability of the electricity supply to businesses and households.
• The government is continuously working to improve the ease of doing business, showing investors that local markets are ready for their entry. This would create thousands of jobs, in line with the government’s manifesto promise of opening avenues for persons to provide for their families.

(Source: The Tribune)