Lindsayca: more money, more time

Sep 09, 2026 Editorial, News

(Kaieteur News) – The US$2B Wales Gas-to-Energy (GtE) provides a textbook case of how business is conducted in Guyana. Lindsayca Guyana Inc., a U.S. firm with Venezuelan links, is seeking another US$170M on to top of the US$759M that was the original contract price agreed upon and executed. Sometime ago, the number that was circulating for additional funding needed stood at close to US$250M.

It seems that Guyana is now benefitting from a 32% discount. What is clear is how sanctity of contract can be played with, then revised, and holding to the original terms and conditions does not matter. The inviolability of contracts loses standing when parties other than Guyana are the ones that gain a benefit.