Prime Minister Mark Phillips said Guyana remains committed to a low carbon economy, while at the same time advancing its transition away from conventional energy sources.
“To accomplish this, we intend to foster the development of an electric vehicle industry to substitute fossil fuels with electricity while enhancing the ability of the electric grid to integrate high levels of intermittent renewable energy,” he said on the third day of the International Energy Conference and Expo ongoing at the Marriott hotel, Georgetown.
He added, “To this end, the installation of fast-charging stations for electric vehicles will be piloted in 2022 in Regions Three, Four and Six. This would be supplemented with future initiatives to increase efficiency levels of vehicle consumption of fuel,” Prime Minister Phillips said.
He noted that the new oil producing nation intends to create an energy mix using low carbon energy resources such as solar, hydro, wind, biomass and natural gas.
He said the energy mix will lead to more than 500 megawatts of newly installed energy over the next five years. It was pointed out that the Gas-to-Energy Project, will play a major role in government’s effort.
“The project will provide 300 megawatts of power to the national grid and is expected to result in substantial cost savings for power generation, while reducing electricity costs to consumers by at least 50 percent. In parallel, the implementation of the 165 megawatts Amaila falls hydropower project will be advanced to further enhance our nation’s energy security.”
The four-day energy conference which culminates on Friday is being held under the theme ‘Charting a sustainable energy future.’
