78 bid to invest in Wales energy projects – NPTAB

May 17, 2026 News

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(Kaieteur News) – The government of Guyana through the Office of the Prime Minister (OPM) on Friday received 78 bids from investors who are interested in investing in the Guyana Ammonia and Urea Plant Inc. (GAUP) and the Guyana Gas Bottling and Logistics Company Inc. (GGBLC) at Wales, West Bank Demerara.

According to information published on the National Procurement and Tender Administration Board (NPTAB) office, 39 investors expressed interest to invest in Guyana Ammonia and Urea Plant, and another 39 bid to invest in the Guyana Gas Bottling project.

The 39 bidders for the Guyana Ammonia and Urea Plant project are: HRS Investment & Logistics Inc.; Guyana Gold & Diamond Miners Association; Kings Enterprise Investment Inc.; Petran Corporation Inc., GK Inc., Eikon Guyana Inc.; Danpaul Dyal; Nasheta Yogita Dewnath Dyal; Kilawattee Dyal; Donald Dyal; DMR Holdings Inc.; Mahendra Boodhoo; Poorandatt Boodhoo; Basil Balkaran Dyal; Mokesh Daby; Sayad Lateef; Davanand Nankissoor Jihan Ibrahim; Diana Aveanda Dyal; Kalpataru Projects International Limited; Akamai Inc.; Kishna M. Ramroop; Bhanmattie Boodhoo; Ashok Raj Bose; Adamantium Holdings; Rameez Mohamed; and Yoganand Persaud.

Additionally, Arcs Regium Logistics & Solutions Inc.; Nabi Construction Inc.; Roopan Ramotar Investment Inc.; Sizwe Jackson; Crown Mining Supplies; Joy Smith; Michael A. Veira; Tarran Piaralall (Tarran Trading Enterprise); Keshwar Singh; Dhanraj Persaud; Anthony Ameerally; DM Sales & Investment Company Limited; Kempton Scipio; Integrated Group Guyana Inc.; and Kurt Baboolall all bid to invest in the GAUP project.

The contractors who bid for the Guyana Gas Bottling and Logistics Company Inc. project are: HRS Insurance Brokers Inc.; Danpaul Dyal; Nasheta Yogita Dewnath Dyal; Guyana Gold & Diamond Miners Association; Petran Corporation Inc, GK Inc, Eikon Guyana Inc.; Kilawattee Dyal; New Haven Merchant Bank Inc.; Kings Enterprise Investment Inc.; Mahendra Boodhoo; Poorandatt Boodhoo; Donald Dyal; GOP Group; Basil Balkaran Dyal; Diana Aveanda Dyal; Bhanmattie Boodhoo; Fenton Persaud; York Investment Inc.; General Procurement & Construction Inc.; Arjune & Carol Latchman; Akamai Inc; Star Imports Inc.; Adamantium Holdings; Rameez Mohamed; Yoganand Persaud.; Arcs Regium Logistics & Solutions Inc.; and Nabi Construction Inc.

In addition, Roopan Ramotar Investment Inc.; Sizwe Jackson; Crown Mining Supplies; Joy Smith; Michael A. Veira; Tarran Piaralall (Tarran Trading Enterprise); Keshwar Singh; Dhanraj Persaud; Anthony Ameerally; DM Sales & Investment Company Limited; Kempton Scipio; Integrated Group Guyana Inc.; and Kurt Baboolall bid for the same project.

The bids can be accessed via the link: https://www.npta.gov.gy/wp-content/uploads/Tender-Evaluation-Details-May-15-2026.pdf

The Office of the Prime Minister in its advertisement said the Guyana Ammonia and Urea Plant Inc. is estimated to cost US$300M. The documents noted that investors can provide up to US$5M, however interested parties can express the maximum amount they are interested in investing.

Moreover, government noted “Investors can assume a government guarantee of 10% annual return.” The Prime Minister’s Office also made it clear that the Guyana Ammonia and Urea Plant Inc. will not be a publicly traded company but a private company.

Meanwhile, with regards to the Guyana Gas Bottling, and Logistics Company Inc., GoG explained, “A cap of US$1M per investor is targeted by the GOG; however, interested parties can express the maximum quantum they are interested in investing.”

Like GAUP, it noted that GGBLC will not be a publicly traded company. The Gas Bottling project is expected to cost US$40M. Investors can expect a government guarantee of 10% annual return.

Kaieteur News reported that for both projects, government promised to give preference to Guyanese, including those in the diaspora although all interested investors are invited to participate in the process.

Vice President Bharrat Jagdeo in 2025 hinted that Guyanese could be allowed in the future to invest in the country’s energy projects, following an announcement by the Surinamese government that nationals there would be allowed to invest in that country’s first oil project.

He stated, “If we build a fertilizer plant in Guyana, maybe we could have people take equity in the project or invest through bonds.”

Chartered Accountant and Attorney, Christopher Ram had described the government’s call for investors as “illegal”.

This publication reported that Ram said the invitation directs prospective investors to forward their expressions of interest to the chair of the National Procurement and Tender Administration Board (NPTAB) in an apparent expansion of the statutory functions of that body.

The lawyer explained, “It is a public invitation of investment capital dressed up as a procurement notice, inviting members of the public to commit money on the basis of a government promise on a venture that is like a financial plague on the country.”

Ram pointed out that the Peoples Progressive Party Civic (PPP/C) enacted the Securities Industry Act, (SIA) to protect the public by ensuring that adequate information is provided to allow informed decision-making and risk-taking. To this end, he said in failing to meet those standards, the invitation is “reckless, dangerous and unlawful.”

The attorney suggested that the identity of investors will not be “private” as he highlighted the role of the Financial Intelligence Unit (FIU) in advising NPTAB on identifying the source of funds as part of a test for money laundering.

According to him, a “private company” in which the government exercises control is still a government company. Likewise, a private company whose securities are offered to the public is by statutory effect a public company.

The attorney has not only advised the OPM to seek legal advice on the issue but cautioned investors to be careful about pursuing this option offered by government. “Such an investment is dangerous and frankly, insane. No serious investor should ignore that asymmetry,” Ram cautioned as he pointed to the bypassing of NICIL in this arrangement with Cabinet taking direct control.

 

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• bids, Guyana Gas Bottling, NPTAB, Wales energy projects

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