U.S. EXIM ready to lend US$550M for Guyana’s second GTE project
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September 22, 2026
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(Kaieteur News) – The United States Export-Import Bank (US EXIM) is prepared to lend up to US$550 million to finance the second phase of Guyana’s controversial Gas-to-Energy (GTE) project at Wales, West Bank Demerara.
The financial institution previously approved a US$527 million loan to support Guyana’s first gas development project at Wales, comprising a Natural Gas Liquids (NGL) facility and a 300-megawatt gas-fired power plant.
In a brief statement on the sidelines of the 81st session of the United Nations (UN) General Assembly on Monday, released by Fueledgy, the Chairman of the US EXIM Bank, John Jovanovic said, “We are deeply committed to ensuring the GTE One is completed but the GTE Two is brought to life.”
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