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US$2.4M awarded to Indian company for CJIA solar power plant
(Kaieteur News) – A solar energy company out of India, Oriana Power Limited, has been awarded a US$2.4 million contract for the design, supply, installation and commissioning of a 3.0 MV (AC) Grid-Tied Solar Photovoltaic System at Cheddi Jagan International Airport (CJIA), Timehri.
The project which is being executed through the Guyana Energy Agency (GEA), was awarded by the National Procurement and Tender Administration Board (NPTBA).
This publication had reported that only two companies from India had express interest when bids opened for the project back in October 2025. This Oriana Power Limited is the company’s first in South America.
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 Guyana government by the Exim Bank to facilitate the construction of the solar photovoltaic power plant.
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The RBI statement said that the last date for funds to be withdrawn from the line of credit is 48 months after the scheduled completion date of the project.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.
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