– optimistic loan will be secured in 2024
The hallmark Gas-to-energy project being developed at Wales, Region Three (Essequibo Islands-West Demerara), which is eminent to Guyana’s development trajectory will go ahead despite protests by various political entities and organisations to halt its development.
Vice President Dr Bharrat Jagdeo made this affirmation on Thursday in response to questions posed by media operatives during his weekly press engagement at the Office of the President, Chiv Chanderpaul.
“The gas-to-energy will be built. It is a commitment that we made and despite every attempt by Kaieteur News, by Glenn Lall, by everyone else, the APNU to kill this project – it’s not going to succeed,” the vice president firmly stated.
The senior government functionary also expressed optimism that the US$646 million loan being sought from the US Exim Bank will be secured in the second quarter of 2024, further advancing the energy project.
“We have a great working relationship with the US Ex-Im Bank. We’ve had bipartisan support on this loan. You think a few loonies … like Kaieteur News, Glenn Lall or the others who been trying to block this project; you think that the people who did an assessment of this project in the US are as stupid as they are,” he questioned.