–    to reinforce commitment to Gas-to-Energy project, future development  financing

U.S. Export-Import Bank (EXIM) Chairman, John Jovanovic, will arrive in Guyana tomorrow for high-level meetings focused on strengthening economic co-operation, discussing the country’s transformative gas-to-energy project, and reaffirming strong support for future opportunities in Guyana.

During his visit, Chairman Jovanovic will meet with President Irfaan Ali, the American Chamber of Commerce, and staff from Lindsayca Inc., the Houston-based contractor executing the gas-to-energy project that has received $527 million in EXIM financing.  The visit demonstrates the U.S. government’s continued commitment to not only this landmark infrastructure initiative but also in financing additional Guyanese development projects.

The gas-to-energy project represents the largest infrastructural investment in Guyana’s history.  Once completed, it will double the country’s installed electricity capacity, reduce electricity costs by 50 per cent for all Guyanese households and businesses, and cut carbon dioxide emissions by more than 460,000 tons annually.  The project includes construction of a natural gas separation plant, a 300-megawatt combined cycle gas turbine power plant, and a gas supply pipeline.

Lindsayca Inc. continues to advance construction and has made significant progress on all project components.  The company’s expertise in energy infrastructural development positions the project to deliver transformative results for Guyana’s energy sector.

Chairman Jovanovic’s visit underscores the depth of the U.S.-Guyana partnership and the United States’ long-term commitment to supporting Guyana’s economic development and energy security through reliable, competitive and transparent financing.