Caribbean News

Guyana committed to developing a green economy

Guyana’s coalition government says it is fully committed to the country developing a green economy and is taking all the necessary steps to ensure it becomes a reality.

Finance Minister Winston Jordan disclosed that two will be constructed in Region 9, Upper Takutu-Upper Essequibo and another in Region 8, Potaro-Siparuni.

He made the disclosure during an interview on local radio following the release of the Ministry of Finance’s mid-year report.

He said that the Moco Moco hydro plant, which was dormant for some 16 years, will be rehabilitated. 

The Chinese-funded hydropower plant was commissioned on November 22, 1999, and was developed as a run-of-the-river project. 

Four years later, in July 2003, the penstock (a sluice for controlling or directing the flow of water) was damaged by a devastating landslide, resulting in a cessation of operations.

However,  Jordan said, once it becomes operational, it will help in the power supply.

“That will help power the main school that caters to Indigenous children… So, once we get power, they can fully enjoy all the facilities similar to Georgetown, and that power will come from Moco Moco,” he stated.

There will also be the construction of several solar farms across the country.

According to the Finance Minister, “the GUY$80 million (One Guyana dollar =US$0.004 cents) that the Norwegians have allocated for the Amaila Falls, they have now agreed to let us use that money for massive solar farms.”

Tenders will soon be out for the establishment of a solar farm in Bartica and the solar farm in Mabaruma, which is already constructed and will soon be operational.

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