-says Region Three Private Sector Head
-hails project as catalyst for regional development

THE Head of the Region Three Private Sector Inc. (R3PSInc), Halim Khan, has lauded the recent approval of a $526 million loan by the United States Export-Import (EXIM) Bank for Guyana’s Gas-to-Energy (GtE) Project as a monumental step toward economic and industrial growth.
This development, announced by President Dr. Mohamed Irfaan Ali on Boxing Day, has been welcomed across all sectors as a transformative initiative for the nation’s future.
“President Ali’s foresight and unwavering commitment to Guyana’s development have once again proven transformative,” Khan said. “This project reflects his dedication to not only addressing the energy needs of our nation but also ensuring that Guyana’s economic and industrial growth is both inclusive and sustainable.”

According to Khan, the GtE Project epitomises the kind of bold, innovative solutions that Guyana needs to thrive in the global arena. “Under President Ali’s leadership, we are seeing the dawn of a new era where energy reliability, economic growth, and environmental sustainability go hand in hand,” he underscored.

The Region Three Private Sector Head emphasised the direct benefits that the GtE Project will bring to Region Three, which is poised to become a hub of industrial and economic activity. With the project slated to deliver 300 megawatts of power to the national grid—doubling the current capacity—the reduction in energy costs by 50 percent is expected to significantly lower operational expenses for businesses and stimulate investment in the region.

“This project is a game-changer for the private sector, particularly in Region Three,” Khan stated. “Affordable and reliable energy will not only enhance the competitiveness of existing businesses but also attract new industries, creating jobs and opportunities for residents.”
The GtE Project’s focus on utilising associated natural gas from offshore oil production aligns with Guyana’s vision of sustainable development. By cutting the carbon footprint per kilowatt-hour, the initiative supports environmental stewardship while fostering economic growth. Mr. Khan highlighted that the project’s implementation will solidify Guyana’s position as a regional leader in sustainable energy and industrialisation.
“The private sector thrives on innovation and efficiency. With the reduced energy costs and increased power supply, businesses can expand operations, invest in modern technologies, and compete on a global scale,” Mr. Khan noted. “Region Three stands to benefit immensely as the project paves the way for industrial parks and manufacturing hubs.”

Khan commended the collaborative efforts of the Office of the President, the Ministry of Finance, the Ministry of Natural Resources, and the Guyana Embassy in Washington, D.C., in securing the loan. He also expressed gratitude to EXIM Bank Chair, Reta Jo Lewis, and the U.S. government for their confidence in Guyana’s energy agenda.

“The success of this initiative reflects the strength of Guyana’s partnerships and the visionary leadership of President Ali,” he remarked. “This is a clear example of what can be achieved when the private and public sectors work together toward a common goal.”
As Guyana accelerates its development trajectory, Mr. Khan underscored the importance of inclusivity and equitable growth. He highlighted the government’s commitment to ensuring that vulnerable populations are not left behind and that every Guyanese benefits from the nation’s progress.
“The Gas-to-Energy Project is not just about energy; it’s about building a future for all Guyanese,” Mr. Khan affirmed. “Region Three is ready to lead the charge in demonstrating how sustainable energy initiatives can drive community development and national prosperity.”

With the GtE Project set to revolutionise Guyana’s energy sector, leaders like Mr. Halim Khan are optimistic about the transformative potential it holds for the private sector and beyond. By fostering innovation, attracting investment, and enhancing competitiveness, this project promises to be a cornerstone of Guyana’s growth story—a vision of unity and progress under the banner of “One Guyana.”