Japan is funding a US$17 million renewable energy project in Guyana that would see an improvement of the capital’s electricity generation system and the introduction of a solar energy system at the locally-based headquarters of the CARICOM Secretariat.
Foreign Affairs Minister, Carl Greenidge made the announcement at the signing of the agreement for the introduction of renewable energy by representatives of the Guyana government and Japan’s Official Development Assistance (ODA).
Greenidge explained that one aspect of the project would aim at “improving the efficiency of the power system in the City of Georgetown and the surrounding areas by enhancing substation and distribution equipment”.
He said 10,930 units of the light-emitting diode (LED) street lamps, valued at US$ 1,329,984, would be used for the replacement of the current street lights in selected areas and aid in the improvement of the Government’s energy initiative.
The Foreign Ministry has already said the non-project grant aid, valued at approximately US$3 million, was used to purchase (LED) lamps which would be used across Guyana, as well as other materials.
He added that funds would be used for establishing a photovoltaic and an energy management system at the CARICOM Secretariat located at Liliendaal, Greater Georgetown.
