Latest update September 14th, 2026 10:20 AM
Latest News
- Guyana “calls the shots” in US deportee deal – President Ali
- 72 lbs of cocaine found along Five Miles–Ituni Trail
- 10-year-old killed after being struck by 14-year-old motorcyclist
- Three held as police seize 4.5kg ganja, 1.1kg cocaine in Bartica
- 14-year-old pillion rider dies after motorcycle crashes into horse
Two Indian companies vying for CJIA solar project
(Kaieteur News) – The Guyana Energy Agency (GEA) has received bids from two solar energy companies out of India for the construction of a solar photovoltaic (PV) system at the Cheddi Jagan International Airport (CJIA).
According to bids submitted to the National Procurement and Tender Administration Board (NPTAB, the companies, Oriana Power Limited (India) –bid US$2,487,170.00; and Evolve Green Energies Private Limited (India) bid US$3,219,643.32
The description of the tender is, “Design, Supply, Installation & Commissioning of a 3.0 MV (AC) Grid-Tied Solar Photovoltaic System at Cheddi Jagan International Airport (CJIA).”
The project is reportedly being funded by the Export-Import Bank of India (Exim Bank). A US$2.5 million line of credit was made available to the Government of Guyana by the Exim Bank to facilitate the construction of a solar photovoltaic power plant at the airport.
The agreement was signed on February 29, 2024, but took effect on June 24, 2024.
It was further reported that the line of credit will be supported by the Government of India, and will allow Guyana to access funds, as well as goods and services from the South Asian superpower.
According to the Reserve Bank of India (RBI) at the time, the terms of the agreement state that “goods, works and services of the value of at least 75 per cent of the contract price shall be supplied by the seller from India, and the remaining 25 per cent of goods and services may be procured by the seller for the purpose of the eligible contract from outside India.”
The proposed solar plant project is set to provide support for the energy requirements of the CJIA and aid sustainability efforts.
“The 3-megawatt solar photovoltaic (PV) project, when it begins operation, will supply about 4.5 million units of electricity annually, which is about 80 per cent of the annual electricity consumption of CJIA. The proposed solar PV power project has the potential of mitigating around 72,000 metric tonnes of CO2eq over its lifetime operation,” said Guyana Energy Agency CEO, Mahender Sharma.
The RBI statement said that the last date for funds to be withdrawn from the line of credit is 48 months after the scheduled completion date of the project. Sharma stated at the time that the project is expected to be completed in 24 months.
Share this:
Discover more from Kaieteur News
Subscribe to get the latest posts sent to your email.
Similar Articles
Website Hits
Blunt of the day
Sports
Features/Columnists
Sir. Ronald Sanders
The GHK Lall Column
Weekend Cartoon
