标签： Guyana

The ambitious 300-megawatt natural gas-fired power plant in Wales, West Bank Demerara, has reached 68.3% completion despite a 14-month delay caused by extensive soil stabilization efforts. LINDSAYCA Guyana Inc. Chairman Nelson Drake revealed the update during the 2025 International Business Conference, highlighting the US$100 million investment required to prepare the site for construction. The project, initially delayed due to disputes with Puerto Rico-based CH4, is now on track to commence electricity generation between January and March 2026. The soil stabilization process, deemed critical for the project’s success, utilized advanced technology to ensure the site could support the heavy infrastructure, including four main turbine foundations made of 44,000 cubic meters of cement. Drake emphasized the complexity of the project, noting that 89% of engineering, 90.46% of procurement, and 23% of construction have been completed. Over 75% of the equipment, including gas turbines, steam turbines, transformers, and cooling towers, has already arrived in Guyana. The natural gas liquids facility, currently in Houston, is expected to be on-site by year-end. Once operational, the plant will utilize 50 million cubic feet of gas produced by ExxonMobil, generating significant energy savings and reducing electricity costs by 50% for Guyanese households. The project is also projected to contribute US$200 million annually to the Guyana government’s treasury through energy savings and condensate sales.

ExxonMobil Guyana’s CEO, Alistair Routledge, announced on Monday that the company’s focus in Guyana will be on utilizing natural gas for domestic growth rather than converting it into Liquefied Natural Gas (LNG) for export. This decision comes as ExxonMobil prepares to develop its first non-associated gas field at Longtail in the Stabroek Block. Routledge emphasized that the gas would primarily support power generation, data centers, and an alumina plant, aligning with Guyana’s broader economic development goals. While LNG conversion remains an option, the immediate priority is to maximize the gas’s value within the country. The company aims to complete environmental impact studies by late 2026 and submit a field development plan (FDP) to the Guyanese government. Initial production will focus on condensate, a liquid byproduct of natural gas, for global export. Gas reinjection into wells will also be employed to enhance condensate recovery, with natural gas extraction expected to begin 10 to 15 years after Longtail’s condensate production starts. ExxonMobil forecasts a daily production rate of over one billion cubic feet of natural gas from Longtail. In contrast, water reinjection will be used at the Hammerhead field, which contains heavier oil, with gas potentially exported to existing pipelines or the Liza Unity FPSO to boost oil recovery.

Guyana is poised to become a technological hub for the Caribbean with the proposed development of a state-of-the-art data center, estimated to cost between US$2 billion and US$3 billion. President Irfaan Ali unveiled this ambitious plan during the grand opening of the SOMA Hotel and Restaurant, a venture by TOTALTEC Group, on October 11, 2025. The project aims to establish Guyana as a regional leader in innovation, computing, and data storage. The data center, requiring vast land and a stable, cost-effective energy supply, is expected to support various industries, including FinTech, digitization, and modernisation across the Caribbean. President Ali emphasized the strategic importance of this investment, envisioning Guyana as the sovereign storage and computing hub for the region. The initiative aligns with ExxonMobil Guyana’s appraisal of hydrocarbon resources at Longtail in the Stabroek Block, which could fuel energy plants and other industrial facilities. The SOMA Hotel, a symbol of local economic growth, will employ 60 to 100 Guyanese and source materials locally, reflecting the nation’s commitment to sustainable development.

In a significant move to bolster transparency and efficiency in government transactions, President Irfaan Ali announced the upcoming launch of four innovative applications designed for the private sector to interact with the government. The announcement was made during the commissioning of the SOMA Hotel & Restaurant, a flagship project by TOTALTEC Group, located in Houston, East Bank Demerara. President Ali emphasized that these apps would enable a ‘transparent, productive, and efficient’ process for conducting government business, while also ensuring accountability among officials through digital tracking mechanisms. The system is engineered to detect and prevent malpractices, reinforcing trust in public administration. A collaborative meeting between government representatives and the private sector is scheduled in six weeks to officially roll out the apps. President Ali highlighted that this initiative reflects the government’s commitment to accountability and leveraging technology for sustainable growth. The SOMA Hotel & Restaurant, developed by TOTALTEC, is set to create 60 to 100 direct and indirect jobs, supporting local suppliers and aligning with Guyana’s workforce development goals. The project is part of a broader vision to expand affordable, high-quality hospitality services across Guyana, catering to business travelers and industrial clients. TOTALTEC, a Guyanese-owned company established in 2016, has been instrumental in advancing local content and sustainable development, having trained over 6,000 individuals for careers in the oil and gas industry.