Guyana’s National Assembly has approved an additional $91.5 million to accelerate construction on the country’s flagship gas-to-energy project.
According to OilNow, the 19.09 billion Guyanese dollar allocation was approved during a July 27 legislative session as part of a broader supplementary budget package. Government budget documents stated the funds are required to provide "additional resources to facilitate an accelerated work programme" for the development.
The gas-to-energy project ranks among Guyana’s largest infrastructure investments. Located at Wales on the West Bank of Demerara, the integrated facility will feature a 300-megawatt combined-cycle power plant and a natural gas liquids (NGL) processing plant.
The facility will utilize natural gas piped from the ExxonMobil-operated Stabroek Block. The government anticipates the project will significantly lower domestic electricity costs while producing NGLs for local consumption and export.
With the project's pipeline installation completed in 2024, contractor Lindsayca continues construction at the Wales site. The government expects to commission the initial gas turbine by the end of 2026, with the full power plant scheduled to come online in 2027.