– Head of Go-Invest
INVESTORS ARE becoming more cognisant and supportive of Guyana’s plan to pursue a low-carbon development path that would reduce dependency on fossil fuels and place more emphasis on alternative energy sources.

Head of Go-Invest Geoff Da Silva made the disclosure during a recent interview with the Government Information Agency (GINA). Da Silva stated that both local and foreign investors are pursuing investments in hydro, wind and solar energy, and that the projects that the agency is currently working on attest to this.
According to Da Silva, Go-Invest is currently working on six projects in alternative energy sources, including the ongoing wind project at Hope, on the  East Coast Demerara.
There are also other solar projects that are being explored, and investors are also expressing interest in other alternative energy projects. “We continue to look at other types of energy projects such as bio-mass,” he said.
He explained that this type of project does not pertain to garbage specifically since Guyana does not have the quantity that is required for such projects.
He is, however, optimistic that investments will continue to grow, mainly in hydro, wind and bio-mass projects, as these are in sync with Guyana’s Low-Carbon Development Strategy (LCDS).
These projects, Da Silva said, have the potential to be huge investments and foreign exchange earners, as they provide employment for many people during the construction phase, and will create a lot of spin off benefits after completion.
A framework agreement between the parties to the Amaila Falls Hydroelectricity project was signed in China, formalising the cooperation between the Guyana Power and Light (GPL) Inc., Sithe Global Amaila Holdings, China Development Bank, and the China Railway First Group.
The Amaila Falls project is the biggest infrastructure investment in the country’s history that will provide cheaper electricity while simultaneously enabling Guyana to change its dependence from a fossil fuel sourced electricity generation to clean energy.
Da Silva also referred to the ethanol project being facilitated by the Guyana Sugar Corporation (GuySuCo) as another feasible one since ethanol is used to power the Skeldon factory’s engines.