Guyana to tap into Norway grant money for hydropower project

The Associated Press

The South American country of Guyana has renewed its push to develop a hydropower project with help from Norway.

GEORGETOWN, Guyana (AP) — The South American country of Guyana has renewed its push to develop a hydropower project with help from Norway.

Infrastructure Minister David Patterson says officials will tap into a fund of some $80 million in grant money from Norway to conduct feasibility studies. He said Wednesday that the government has identified five possible sites in Guyana's rugged interior.

Patterson said officials also have talked with neighboring Brazil, which has pledged to help develop the project and seeks to benefit from it as well.

Guyana has long faced rolling blackouts and seeks a hydropower plant to provide cheaper and cleaner energy.

The government scrapped plans to build a $2.6 billion hydropower plant earlier this year because of cost concerns.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs