EXIM Approves $527 Million for Guyana Gas-to-Energy Project Supporting U.S. Jobs
(P&GJ) — The Export-Import Bank of the United States (EXIM) has approved $527 million in financing for a gas-to-energy project in Guyana, aiming to strengthen the country’s energy security and reduce its carbon footprint.
The funding will go to the Ministry of Finance of the Cooperative Republic of Guyana and will support the construction of a natural gas separation plant, a 300-MW combined cycle gas turbine power plant, and related gas supply infrastructure near Georgetown.
The project is expected to double Guyana’s installed electric capacity, transitioning the country to cleaner, more reliable energy. It will also enable the decommissioning of inefficient local generators and reduce carbon emissions by over 460,000 tonnes annually, equivalent to burning one million barrels of oil.
“I am extremely pleased that the Board of Directors approved this strategically important energy project,” said EXIM President and Chair Reta Jo Lewis. “This project supports more than one thousand jobs across the country and aligns with the administration’s economic, energy, and national security priorities.”
The financing will benefit a U.S. joint venture between Lindsayca, a Texas-based company, and CH4 Systems, a Puerto Rican small business. It also involves services from ExxonMobil and over a dozen U.S. companies, supporting an estimated 1,500 jobs across 11 states and territories.
This project falls under EXIM’s China and Transformational Exports Program (CTEP), designed to counter competition from the People’s Republic of China.
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