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Financing secured for stability study on Wind Farm

May 25, 2009 News

The developer of the Wind Farm, DELTA Caribbean has secured equity financing from a German entrepreneur for the Wind Farm and has also secured financing for a grid stability study from the Caricom Secretariat.
This is according to Chief Executive Officer of the Guyana Power and Light Company (GPL), Bharrat Dindyal, who noted that the power company is currently working with the consultant for the continuation of the stability study.
Dindyal explained that the stability study is to establish the extent of wind penetration in GPL’s system.
“As you know, wind power is not constant and there is a danger of having too much capacity and obviously creating instability in our system, in which case consumers could experience very poor quality supply, if it’s not managed properly. So the stability study is to really establish a benchmark for wind power penetration,” the company’s CEO said.
The Government of Guyana and DELTA Caribbean N.V, signed a Memorandum of Understanding (MOU) in March, 2007 for the construction of a 13.5 MW Wind Farm at Hope Beach, East Coast Demerara.
This project will supply power to the grid and is expected to be commissioned in 2010.

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