$39B spent to boost energy capacity of GPL
In a significant move to enhance the energy infrastructure of Guyana, the government allocated a substantial $39 billion in 2024 to invigorate the capabilities of Guyana Power and Light Inc. (GPL).
This investment has been pivotal in establishing major energy plants, significantly improving the company’s electricity generation capacity and ensuring a more reliable power supply for the nation. During a year-end press briefing held at the Arthur Chung Conference Centre in Liliendaal, Prime Minister Brigadier (Ret’d) Mark Phillips provided an update on the expenditures related to GPL.
He revealed that the financial boost was directed towards several key projects, including the Wartsila plant, which received an impressive $10.7 billion investment, and the Columbia plant, which accounted for an additional $4.1 billion.
Moreover, a noteworthy $24.1 billion was allocated for fuel assistance, vital for sustaining the operations of these facilities.The Wartsila plant, a dual-fuel power project with a capacity of 46.5 megawatts, is situated at the Garden of Eden Generating Complex along the East Bank of Demerara.
This state-of-the-art facility is not only designed to enhance the reliability of Guyana’s electricity system but also to facilitate the integration of renewable energy sources into the grid shortly.
On the East Coast of Demerara, the Columbia power plant stands as another critical addition to the national energy landscape, contributing 30 megawatts of energy to the grid. This project boasts 17 generators and six step-up transformers, illustrating the government’s commitment to meeting the increasing electricity demand across the nation.
During a site visit in April 2024, Prime Minister Phillips observed firsthand the progress made, with 14 generators already installed and three more on the way.In addition to bolstering the energy sector, the government’s initiatives have extended to supporting vulnerable populations.
The prime minister announced that $852.6 million was specifically allocated to assist pensioners, thereby reducing their electricity costs. This initiative has benefitted approximately 28,420 pensioners nationwide, aligning with the PPP/C Government’s ongoing efforts to enhance the disposable income of senior citizens and improve their quality of life.
Overall, the government’s strategic investments in GPL and its commitment to supporting both energy infrastructure and social welfare highlight a proactive approach to addressing the pressing energy demands of the country while ensuring that the needs of its citizens are prioritized.
