Wales gas plant contractor now wants US$250M more to complete project by year-end

Apr 22, 2026 News

(Kaieteur News) – The Wales Gas-to-Energy (GTE) contractor is seeking an additional US$250M to complete the controversial project which is unlikely to meet its 206-year end deadline.

Lindsayca Development LLP in its Annual Report for the year ended 31 December 2024 revealed that talks were ongoing with the Government of Guyana (GoG) to increase the price tag on the Natural Gas Liquids (NGL) facility and 300-megawatt power plant.

According to the Report, “Negotiations with the Government of Guyana for a significant contract price adjustment are at an advanced stage, providing strong evidence of the Group’s ability to continue to meet its commitments.”

Meanwhile, sources close to the process told this newspaper that the company has made a proposal to the government for a whopping US$250M however, the GTE Taskforce headed by Winston Brassington is considering US$170M to complete the construction activities. The President, Dr. Irfaan Ali however holds a different perspective, according to insiders. He is reportedly against any additional payments to the company.

In addition to the additional sums being sought by the contractor, the company has already acquired just over US$102M from a dispute with government. Although the company is expected to complete the gas plants in Wales by the end of 2026, technical experts say this is highly unlikely.

Wales gas plant contractor now wants US$250M more to complete project by year-end

The GTE site.

In fact, sources explained that ExxonMobil recently conducted an “internal review” at the request of the GoG which showed that the 2026 deadline will not be met.

The continuous delays at Wales not only mean more blackouts and heavy electricity tariffs for customers of the Guyana Power and Light (GPL) Inc but also costly rental contracts to meet the short-term energy needs of the country.

Moreover, a recent report in The Economist (April 5, 2026) highlighted the current windfall Guyana is experiencing from surging global oil prices. Sadly, this financial boom entirely misses out on NGL production.

While prices for light liquids and cooking gas continue to increase across the region, Guyana remains sidelined. If the NGL facility were operational and on schedule, the country could currently be exporting these highly valued commodities to a hungry market. Instead, due to the project’s stalled progress and the aforementioned equipment concerns, Guyana is missing a critical window, leaving significant realized value on the table. Previously, Kaieteur News reported that although the Office of the Prime Minister (OPM) said in a statement that 24-hour work was ongoing at the site, an independent, on-the-ground investigation by Kaieteur News painted a starkly different picture.

The daily shift at the Wales site ended abruptly at 6:00 PM. By 6:30 PM, the vast majority of the workforce can be seen queuing at the bus stop near the Bharrat Jagdeo Demerara River Bridge, heading home for the night.

To corroborate this, our team deployed drones over the project site during nighttime hours just moments after the statement came from government. Instead of a bustling, illuminated operation executing a “triple shift,” the aerial footage showed a dead stop. The site was dark and completely inactive, flatly contradicting the government’s narrative of a relentless, 24/7 construction effort (See video: https://youtu.be/G_6QJWvmaSk).

Discover more from Kaieteur News

Subscribe to get the latest posts sent to your email.

contractor, Lindsayca Development LLP, natural gas liquids, Wales Gas Plant

Latest News