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Gov’t still fine-tuning details, cautious with elections upcoming- Jagdeo
Phase 2 of GTE project…
Kaieteur News- Extension to the deadline for proposals for Phase Two of the Gas-to-Energy (GTE) project is to ensure government rolls out a “well-designed” project, Vice President Bharrat Jagdeo has said.
Vice President, Bharrat Jagdeo
The chief spokesman on the oil and gas sector told reporters at his press conference on Thursday that the delays to the deadline are not for want of interest. He explained, “We have a lot of interest in this project. In fact, more interest than we are getting unsolicited offers, all the time, but they have to come through that process.”
With elections due later this year, the General Secretary of the ruling People’s Progressive Party (PPP) also noted that the administration is being cautious. “We are being almost cautious now, as we are approaching the elections, to really undertake a major initiative of that nature before the elections, so we are being more cautious now about this project, but it’s not for want of interest,” he clarified.
Furthermore, he revealed that key areas of the project are still being fine-tuned to ensure Phase Two rolls out smoothly.
According to Jagdeo, “…we still have to verify some parameters of the project, so we want a well-designed project, so we’re verifying that, but we’re- it’s more a sign of the caution that we are exercising now than a lack of interest in the project.”
Phase Two of the GTE project entails the construction of a second Natural Gas Liquids (NGL) facility and an additional power plant to produce 300 megawatts of electricity.
According to a Request For Information (RFI) issued by the Office of the Prime Minister, Phase Two includes the design, construction and operation of an NGL facility to produce approximately 5,800 barrels per day (bpd) of NGL products (propane, butane, and C5+), utilizing 70 MMCFD of “rich gas”.
Interested parties will be required to design, construct and operate a 300 megawatt (MW) combined-cycle power plant to deliver 2,600 gigawatt hours (GWH) of electricity per annum. The power will be sold to Guyana Power and Light Inc. (GPL) via a 20-year Power Purchase Agreement (PPA).
Phase Two will utilize gas that will be brought to shore via a pipeline constructed by ExxonMobil Guyana Limited (EMGL). That structure will also deliver gas to Phase One of the project, which will be situated immediately adjacent to Phase Two.
It was reported that the deadline on the first RFP was November 14, 2024, but that date was later extended to January 14, 2025. Subsequently, the Government of Guyana (GoG) scrapped its earlier issued Request For Proposals (RFP) for the design, finance and operation of Phase Two of the project. In its new invitation for bids, it was observed that the GoG has revised the number downwards with respect to gas that will be available daily for the project, as well as the expected Natural Gas Liquids (NGL) to be produced. It has, however, increased the electricity generation expected to be produced from Phase Two of the gas project.
The deadline for that IFB was March 31, 2025. This publication did not observe any further extensions or adjustments.
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