Institute for Energy Economics & Financial Analysis: Guyana Gas to Energy Project is Unnecessary and Financially Unsustainable
October 05, 2023
October 05, 2023
CLEVELAND, Ohio, Oct. 5 (TNSres) -- The Institute for Energy Economics and Financial Analysis issued the following news release:
Despite pledges to move to 100% renewable energy, Guyana's proposed Gas to Energy project will use natural gas from offshore wells to produce electricity and crowd out solar expansion, according to a new Institute for Energy Economics and Financial Analysis (IEEFA) report. The plan will also put a substantial debt load on Guyana Power & Light (GPL . . .
Despite pledges to move to 100% renewable energy, Guyana's proposed Gas to Energy project will use natural gas from offshore wells to produce electricity and crowd out solar expansion, according to a new Institute for Energy Economics and Financial Analysis (IEEFA) report. The plan will also put a substantial debt load on Guyana Power & Light (GPL . . .