AGP Executive Report
Last update: 9 hours agoUK-Guyana Investment: King Charles’ state visit is highlighting commercial ties, with Finance Minister Ashni Singh and UK Foreign Secretary Ed Miliband discussing cooperation. UK-backed construction of Terminal 2 at Cheddi Jagan International Airport is a key example. Biodiversity Finance: Guyana is looking to turn the value of its ecosystems into revenue as the Global Biodiversity Alliance conference opens in Georgetown, building on its experience selling forest-carbon credits. Offshore Oil: Guyana approved the US$6.8 billion Hammerhead development, its seventh offshore project. First oil is targeted for 2029, with expected capacity of 150,000 barrels a day. A separate ExxonMobil update says the company and contractors have spent more than US$2.9 billion with local businesses since 2015. Energy and Infrastructure: ENet plans to develop 50 megawatts of solar capacity, targeting about 10,000 homes. Meanwhile, private-sector discussions on a proposed Berbice deep-water port are examining investment, cargo demand and links to regional markets; a feasibility study is due by December.
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