Wales Gas-to-Energy Project Faces Significant Delays and Uncertainty
The Wales Gas-to-Energy project is experiencing persistent delays, raising concerns about its viability and costs. With rising electricity bills and no operational facilities, the project's future remains uncertain for Guyanese citizens.
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The Wales Gas-to-Energy (GTE) project has faced continuous delays, initially slated for operation in 2024 but now uncertain. Citizens are struggling with high electricity costs and power outages, as the operational Liquid Natural Gas facility and power generation plant remain inactive.
The project's estimated cost has reportedly surpassed US$2 billion, with concerns about gas pricing and potential purchases from ExxonMobil, which could negate earlier claims of 'free' gas. The lack of transparency from the government regarding project agreements and operational updates raises questions about the project's management and parallels to past failed initiatives like the Skeldon sugar plant. The transition to commercial gas rates could further impact promised reductions in electricity bills, creating potential public discontent.
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