CH4 Systems has announced that it had received the “Deal of the Year” award awarded by the US-US Export Bank (Exim) for its Gaz-electricity Project in Wales, Guyana. Carried out in partnership with Lindsayca, Exxon Mobil and Enerflex, the project provides for the production of 300 megawatts of electricity from natural gas.
This initiative represents the first project of this type in the country and should make it possible to significantly reduce the energy dependence of Guyana to imported fuels. The electricity produced will be distributed to low -service areas, with the aim of reducing the energy costs for homes and local businesses up to 50%, according to data communicated by CH4 Systems on April 30.
Modular technology and combined yield
The project is based on the use of modular gas treatment technologies, which allows faster commissioning. It also incorporates a combined cycle generation, aimed at improving energy efficiency and limiting emissions. CH4 Systems specifies that the infrastructure has been designed to meet the climatic conditions of Guyana, located in tropical zone.
According to Exim, prize winners must meet the strictest standards in terms of quality, health, safety, environment (QHSE) and corporate social responsibility (CSR). The project has met or exceeded these criteria, under the terms of the press release disseminated by CH4.
An American expertise export project
Based in Guaynabo, Porto Rico, CH4 Systems develops energy projects in emerging markets. Its role on this project has covered engineering, financing, supply, construction supervision as well as the management of stakeholders. The price awarded by Exim also underlines the export of American services and technologies through this operation.
In his official declaration, the director general of CH4 Systems, Juan Bellosta, praised the recognition of the work accomplished, by insisting on the contribution of the project to the energy development of Guyana. The company did not specify the total value of the investment or the financial terms of its execution.
