Since 2021, US companies have been involved in major projects, from ExxonMobil’s offshore oil developments to luxury hotel investments such as Four Points by Sheraton, and Hyatt Place.
These initiatives align with Guyana’s rapid economic transformation, and are supported by the People’s Progressive Party/Civic (PPP/C)-led government’s push to develop a diverse range of industries, including healthcare, education, and renewable energy.
More recently, in a significant step towards advancing its energy infrastructure, Guyana officially signed a loan agreement with the US Export-Import (EXIM) Bank for its ambitious gas-to-energy (GTE) project.
The contract was officially signed at the GTE project site at Wales, West Bank Demerara, where the US EXIM Bank’s President and Chairperson, Reta Jo Lewis highlighted the significance of the project which aims to reduce the cost of electricity, enhance energy security and promote environmental sustainability.
Jo Lewis said: “Together, we are taking bold steps to strengthen energy security, enhance environmental sustainability and unlock economic opportunity.”
She further pointed out that this multimillion-dollar collaboration is just the first of many, emphasising the long-standing relationship between Guyana and the US.
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Publish date : 2025-01-20 20:10:00
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