AGP Executive Report
Last update: 9 hours agoPower & Grid Stability: Guyana is responding to El Niño-driven record electricity demand, with peak load hitting 242.64MW and projected to reach about 266MW in Aug–Oct; the Government says it will boost generation reserves while issuing conservation orders to state agencies and major users, including switching off AC units and lights when not in use. Gas-to-Energy Update: The Wales Gas-to-Energy project is expected to deliver 57MW by end-2026, with higher output (up to 228MW) in early 2027; officials also clarified that the promised 50% light-bill reduction won’t start until enough capacity is online. Land Regularisation: Government is advancing land regularisation in Regions 2, 4 and 5, setting a roadmap and timeline with investigations expected to conclude by end-August 2026, to support issuance of transports or certificates of title. Hospitality Investment: Atlantic Suites Hotel will convert to Hyatt Regency Georgetown Guyana in 2028 after an estimated US$50m expansion, adding rooms and upgraded meeting and event facilities. Agriculture & Trade: The Regional Food Hub at Yarrowkabra is on schedule, expected to be completed within four weeks, with cold storage to help farmers store perishable produce and strengthen CARICOM fresh-food supply. Governance & Rule of Law: The CCJ President, Winston Anderson, issued a statement condemning leaked internal correspondence and addressing allegations tied to court management and panel decisions. Oil & Finance: Exxon says over US$3.6b has been spent with local companies since 2019, while a financial analyst argues Guyana’s foreign currency issue is mainly liquidity and market infrastructure, not a true shortage.
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