INVESTMENT IN THE ENERGY SECTOR

The Office of the Prime Minister is responsible for policy making and regulatory functions related to the electricity sector while the Guyana Energy Agency (GEA) is responsible for developing and implementing national energy policy, and promoting energy efficiency and the development of new and renewable sources of energy.

The Electricity Sector Reform Act 1997 provides the statutory framework for the provision of electricity in Guyana.

The Guyana Power and Light Company Ltd. (GPL) is the primary licensed power producer in Guyana.

It has had marginal success in the supply of electricity at competitive rates

The Government’s energy policy consists of the following

(a) a commitment to privatization of GPL
(b) Emphasis on increased development if domestic and renewable sources of energy for electricity and
other uses
(c) Limitation on the role of government in the energy sector to that of regulator, licensor and referee.

The Public Utilities Commission is charged with oversight and regulation of the industry in Guyana.

Investment opportunities exist for the Independent Power Producers.

The Guyana Office for Investment ( GOINVEST - www.goinvest.gov.gy) has published the government’s position on investment in the industry.