GEORGETOWN, Guyana, CMC – Guyana has signed an investment agreement to construct a GUY$214 million (One Guyana dollar=US$0.004 cents) state-of-the-art waste treatment plant.
Guyana’s Chief Investment Officer, Dr Peter Ramsaroop, said the waste treatment plant would be built at Coverden, East Bank of Demerara, and will create employment for over 40 people.
Ramsaroop said the investment aligns with the government’s objective of achieving its Sustainable Development Goals (SDGs). The United Nations’ goal for Goal Six is to achieve clean water and sanitation by 2030.
“This investment is more than just a facility; it is a statement of our commitment to sustainable development and our unwavering belief in Guyana’s potential to lead in green technologies. We are setting the stage for Guyana not only to meet but exceed global environmental standards, positioning our country as a leader in eco-friendly industrial solutions,” he added.
The Senior Minister, Dr Ashni Singh, initially signed the agreement within the Office of the President with Responsibility for Finance and Public Service and handed it over to the Chief Executive Officer of Professional Waste Solutions Incorporated (PWSI), Mahendra Jettoo.
The treatment plant will allow for the use of non-incinerator technology to process waste generated mainly by oil and gas companies and convert it into reusable oil.
Additionally, one of the byproducts of that process would be ‘slag,’ which is safe to dispose of in landfill sites.
This slag will be used for block-making to support the rapid pace of the construction sector.
Jettoo said that waste will be treated and transformed into usable products.
“This facility is just the beginning. Our partnership with the government and alignment with the low-carbon agenda demonstrates our dedication to creating a cleaner, more sustainable Guyana.
“We are not just treating waste; we are transforming it into value. And in doing so, we are laying the groundwork for a brighter, more prosperous future for all Guyanese,” he added.
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