GEORGETOWN, Guyana, CMC—The government has shortlisted and started negotiations with Siemens Energy, a German company, as the potential firm to operate and manage the power plant component of the transformative gas-to-energy (GTE) project in Wales, Region Three.
The Office of the Prime Minister, under which the project is being executed, invited requests for proposal (RFPs) in 2024, and three international companies: Siemens Energy (Germany); CH4 Systems (Puerto Rico), and Ethos Energy ((Texas, USA) expressed interests.
During his presentation at the Guyana Energy Conference and Supply Chain Expo earlier this week, the GTE Project Lead Winston Brassington revealed that Siemens Energy has been shortlisted.
“[Siemens Energy RFP] is the most technically compliant proposal, and now the contract is being negotiated,” Brassington said.
He emphasized that the government wants to contract world-class firms to operate this massive facility and finalize the agreement with Siemens within the next few months.
The government is also seeking subcontractors for natural gas liquid (NGL) operations.
“Both of those parties are expected to be in place by the middle of the year so that there is enough of a transition between construction and operations,” the project lead stated.
Brassington stated that Guyana is setting the groundwork to becoming a major energy supplier in the Caribbean and Latin American regions even as the government moves to establish a second GTE project.
He pointed out that phase one of the project focuses on stabilizing electricity costs and generating export revenue via the natural gas liquid. Phase two seeks to upscale private sector investment.
The project’s initial phase involves the construction of a pipeline, power plant, natural gas liquids facility, and upgrades to the power distribution network.
When operational, energy costs will be slashed by 50 percent, addressing the age-old issue of high electricity costs in Guyana.
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