Gas-to-Energy Project Faces Fresh Financing Questions as Contractor Reportedly Runs Out of Money
Business
Finance
Politics
September 10, 2026
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Guyana’s flagship Gas-to-Energy project is entering what could be its most consequential phase, with the Government still promising first power before the end of the year while fresh reports suggest the contractor is running short of money and seeking a substantial increase in funding.
The development raises questions not only about whether the long-delayed project will meet its latest December target, but also about the eventual cost to taxpayers and whether the Government’s promised 50 percent reduction in electricity prices can still be achieved.
Lindsayca Guyana Inc., which is constructing the 300-megawatt power plant and Natural Gas Liquids (NGL) facility at Wales, was awarded the project for approximately US$759 million.
Business
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