TWO Guyanese companies, Durable Wood Products Inc. (DWP) and Energy Management Consultants (EMC) Energy Inc. inked a new partnership with The Energy and Resources Institute (TERI) India, paving the way for a new power generation venture using wood waste.

The companies signed a Memorandum of Understanding (MoU) on Thursday in Dehli, India. With that agreement signed there will be a project involving a 1.5 MW wood waste-based power generation through a gasification route for energy consumption in DWP’s production operations. Excess power generated will go to the national grid.

Signing the MoU were Chairman of DWP, Rafeek Khan; Managing Director of EMC Energy Inc., Shyam Nokta, and Director General of TERI India, Dr Vibha Dhawan. The signing of the MOU was witnessed by President, Dr. Irfaan Ali. The Guyanese Head of State is currently leading a delegation in India.

DWP is a tropical hardwood products supplier, with agents in the Caribbean, the United States, Europe and the Middle East. DWP activities include manufacturing, materials sourcing, quality control, packaging, exports and distribution of a wide variety of products for residential, commercial, and industrial applications.

Meanwhile, EMC is a leading provider of environmental services to facilities and projects in the energy sector including support for environmental authorisation and compliance. As an international institute based in India and working globally, TERI has spent the last 45 years working on energy, environment, and sustainable development issues.

“For over 10 years, several entities in the private and public sectors in Guyana have been reducing their energy consumption significantly with help from TERI,” a statement on the signing noted.

Witnessing the signing ceremony alongside President Ali were the High Commissioner of India to Guyana, Dr. K J Srinivasa; GO-Invest CEO, Dr. Peter Ramsaroop, Chairman of the Private Sector Commission (PSC), Paul Cheong and other private sector representatives from Guyana.