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‘Point Lisas’ company hoping to bring cheaper electricity to Guyana

Guyana's Hydropower

Guyana's Hydropower

ENMAN Services of Point Lisas is spearheading a US$4 billion hydro-electric project in Guyana designed to bring cheaper electricity to both Guyana and Brazil.

The project will include an 800 megawatt power plant to be located on the Mazaruni River, Guyana, as well as a fibre optic cable connecting the countries.

Donald Baldeosingh, CEO of Enman, and a former chairman of Petrotrin told the Express “US$20 million is needed to complete the full feasibility study and front end engineering design leading to financial closure and start of construction”.

Baldeosingh said he is hopeful that the necessary finance will come from the Inter-American Development Bank as well as the Caribbean Development Bank.

The project referred to as the Turtruba Hydro Project in the Mazaruni River has been identified as one of immense potential to supply power to the Caribbean region.

Baldeosingh said when the project is completed the cost of supplying electricity could be reduced from US40 cents to US16 cents.

Enman surveys conducted by Canadian consultants – Hardy Stevenson and Associates have found the project to be technically and financially viable.

Enman has been pursuing the Guyana project since 2001 when the company signed a Memorandum of Understanding with government to develop the initiative.

Last September President Jagdeo of Guyana and President Lula Da Silva of Brazil announced their support for the venture.

Category/ies:Guyana News.
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