Latest update March 13th, 2026 12:35 AM
Assessment for second phase of the gas-to-shore project still underway – Jagdeo
(Kaieteur News) – Vice President Bharrat Jagdeo on Thursday confirmed that the assessment for the second phase of the Gas-to-Shore project is still ongoing, as the government carefully evaluates bids from potential contractors.
Vice President Bharrat Jagdeo
Speaking at a press conference, Jagdeo stressed that no rush decisions would be made. “We’ve had good engagements… There was a change in the ownership of the group building the gas-to- energy project. Since then, work on the ground has accelerated. They’re installing turbines and laying foundations for the other plants. We are focused on getting that done and will be deliberate in our assessment,” he said.
Jagdeo added that while the government is interested in expanding power capacity, cost considerations remain critical, as they aim to continue selling electricity at 11 cents per kilowatt hour. “We have not completed the assessment of what we want to go for in the second power plant. We’re more interested in buying power, but it has to approximate the cost we want to maintain our pricing,” he explained.
The Gas-to-Energy (GTE) project at Wales, West Bank Demerara, includes a Natural Gas Liquids (NGL) facility and a 300-megawatt power plant, which is expected to cut consumers’ electricity bills by up to 50 percent. Government officials have indicated that the GTE project is expected to be completed by mid-2026, aligning with efforts to expand energy production while keeping electricity affordable for consumers.
Discover more from Kaieteur News
Subscribe to get the latest posts sent to your email.
Similar Articles
THE BLUNT OF THE DAY
Sports
Features/Columnists
Sir. Ronald Sanders
The GHK Lall Column
Weekend Cartoon
