The first in a series of continued discussions on commercial and power generation issues will be held when officers of the Government of Guyana and technical members of ExxonMobil meet in Georgetown tomorrow, a release from the Ministry of Public Infrastructure today stated.
The technical working group is scheduled to convene on September 19 and September 20, 2017 and will feature technical persons from the Ministry of Public Infrastructure, Ministry of Natural Resources, Ministry of Finance, Ministry of Business, Guyana Energy Agency, and the Guyana Power and Light Inc., along with ExxonMobil’s power generation specialists and analysts.
The MPI said the working group will focus on natural gas and the surrounding commercial and economic issues as it relates to offshore transportation for onshore power generation. Compared to Guyana’s current use of liquid fuels for electricity generation, natural gas is cleaner and its use for energy production could reduce the country’s fuel bill, and in turn, reduce the cost of electricity.
The MPI said that the working group will continue dialogue on local and international power generation experiences, including domestic infrastructural requirements and considerations for the potential of natural gas into gas-fired power generation. The agenda will also include an overview of commercial power generation structures and approaches to power investment. It is expected that capacity building for local and key technical government officials will be the major output of the two-day session.
This is particularly important in light of the recent consultations held by the Ministry of Natural Resources on local content policy and its focus on maximising benefits and value retention from Guyana’s petroleum resources through local content and capacity development, MPI noted.