As the new IDB Country Strategy for Guyana (2023-2026) puts it – “Guyana is now a booming oil economy with an estimated 11 billion oil-equivalent barrels of recoverable petroleum resources”. Simultaneously, the Government is starting with an ambitious energy diversification programme as part of its Low Carbon Development Strategy (LCDS) that will deliver new generation … [Read more...] about Forging a Modern Grid for the Future – Reflections from Guyana
A nature-based asset in action: Transforming Guyana with renewables
With over 11 billion barrels of oil reserves (one of the highest levels per capita in the world) and GDP growth rates and fiscal revenues rising tremendously over time, Guyana, as a new oil producer, is at the threshold of a new era. At the same time, the Government of Guyana is embarking on a cleaner transformation for domestic electricity generation, taking advantage of its … [Read more...] about A nature-based asset in action: Transforming Guyana with renewables
Guyana’s power utility prepares for the future
A digital solution for loss reduction: SMART metering infrastructure Encouraged by the opportunities presented by the continued evolution of digital technologies within the electricity sector, the main electricity supplier of Guyana has made important advancements in the last years to transform the sector. The Guyana Power and Light Inc. (GPL) is the main state-owned … [Read more...] about Guyana’s power utility prepares for the future
Natural Gas a Driver for Renewables in Guyana: Diversifying the generation mix.
It is known that electricity power systems must have sufficient amounts of generating units available to meet the demand and the changes in it, from base to peak load. However, the challenge in every country is to define the ideal combination of energy sources to satisfy those needs in an efficient and economic manner. Commonly, there is a false dichotomy when talking about … [Read more...] about Natural Gas a Driver for Renewables in Guyana: Diversifying the generation mix.