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Saturday February 19, 2022

GUYANA’S INTENTION TO ACHIEVE ZERO CARBON EMISSION COMMENDED BY INTERNATIONAL BODY GUYANA TO DEVELOP AN ELECTRIC VEHICLE INDUSTRY – PM PHILLIPS GUYANA’S LOCAL CONTENT LAW PHENOMENAL – SAYS GHANA’S OIL EXPERT

GAICO ENTERS INTO JOINT VENTURE WITH FOREIGN COMPANY FORBES BURNHAM WOULD HAVE BEEN 99

Saturday February19, 2022

Guyana’s intention to achieve zero carbon emission commended by international body

Business Development Manager, Bechtel’s Downstream, Jeff Wisnoski

As Guyana continues to make its mark in the Oil and Gas industry, globally, climate change still remains an important responsibility.

According, to Business Development Manager, Bechtel’s Downstream, Jeff Wisnoski, Guyana sits in a position to right some wrongs, and become a leader in renewable energy, while still exploring the prospect.

Bechtel’s Downstream looks at green energy solutions for large companies.

Mr. Wisnoski, who spoke at the International Oil and Gas on Chemicals & Energy Transition Business Line, said that while many countries around the world have failed to make that balance, Guyana as an emerging oil giant. sits in the right position to strike that balance while sustaining economic growth.

At the same time, it should keep in mind that Net Zero Emission does not mean any fossil fuel.

“Your desire to develop the oil and

gas sector in order to set up the country for prosperous economic future, and also your commitment to become a low carbon emission is commendable. And, I want to echo some of the sentiments that have already been shared by others.

“Developing oil and gas projects and remaining committed to being a low carbon nation and meeting those commitments is absolutely possible and necessary. As the Prime Minister of Barbados

said on day one; that netzero does not mean zero fossil fuel” According to Mr. Wisnoski, this means that it remains absolutely possible to have a developed oil and gas sector and still uphold the commitment of the low carbon emission.

Guyana is at the planning stage of the renewable sector, while at the same time fairly into oil and gas production.

Guyana currently has a Local Carbon Initiative Strategy, which in the coming years that will

see the use of solar, hydro, and wind power mixed with fossil fuel energy generation, while incorporating reforestation.

This, according to the Government, will help reduce the world’s carbon footprint and in the long run, save the planet. With Guyana not being a major contributor to global warming, Mr. Wisnoski explained that Guyana must however study each component of not only the oil and gas sector but also each sector to ensure that the Local Carbon Initiative remains a talking point while still remaining economically viable.

“There really is ‘no one size fits all approach to achieving de-carbonization targets.

Goals can be met by implementing a range of design, technology, and construction and operation solutions.

“Being able to accurately determine the overall cost and benefit impact when planning a project, or a complex project design that is key to executing an excellent decarbonation programme, identifying optimum decarbonization measures requires knowledge and technical advantages,

the development of an action plan, the ability to build sustainability delivery carbon-reducing assets, intergraded with policy and regulatory landscape.”

Mr. Wisnoski explained that some projects should focus on the no-waste trajectory, in which everything used in each sector must be looked at to be reused.

That is from the use of human resources and to the raw materials and in explaining this dimension, Mr. Wisnoski explained that in a former project, a plant was placed in a particular community, where workers were taken from nearby to work on the plant.

At the project, he said, the plant reduced the transportation usage which in essence reduced the amount of fuel used.

He noted that food, water, and other waste were treated and there was excess that was donated to the community to use on several projects, leaving little to no waste.

One project he applauded the Government on having is the Hydro Project, which is needed to act as a base for other projects of renewable energy.

Guyana to develop an electric vehicle industry – PM Phillips

Prime Minister, Brigadier (rtd) Mark Phillips

Guyana will be pursuing a lowcarbon transportation infrastructure to reduce the demand for imported fossil fuels for vehicular info@guyanapostonline.com

transport in 2022.

Prime Minister, Brigadier (rtd) Mark Phillips on the third day of the International Energy Conference and Expo

ongoing at the Marriott Hotel, Georgetown, 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.

“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 said that the new oilproducing 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. The Gas-

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to-Energy Project will play a major role in the government’s effort, he said.

“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 Prime Minister

said that Guyana’s energy transition will generally undergo three stages.

From 2022 to 2027, there will be a combination of natural gas, hydro and solar power.

Stage two will see the replacement of heavy fuel oil, the expansion of wind farms, and the commissioning of Guyana’s second hydro plant from 2027 to 2032.

The third phase which will commence from 2032 onwards will see the continued expansion of those projects using new

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Saturday February19, 2022

GUYANA PURSUES A MIX OF FOSSIL FUEL AND RENEWABLE ENERGY

Chief Executive Officer of Rev1 Energy, Ricky Ehrgott, and CEO Komal Singh of Gaico Construction.

With a workforce needed to compete with large international companies that are in Guyana to do business, local company Gaico, with International Construction Company, Rev1 Energy, on Thursday signed a memorandum of understanding to train Guyanese Workers to meet the demands of the intentional.

At a simple ceremony

this afternoon at the Oil and Gas International Energy Conference today signed the MOU that will facilitate several months of training for local workers.

The MOU was signed between Chief Executive Officer of Rev1 Energy, Ricky Ehrgott, and CEO Komal Singh of Gaico Construction.

CEO of Gaico, Mr. Singh, noted that with the growing oil and

gas sector, Guyanese in particular in many sectors have not been able to adapt to this rapid development, through training, etc.

“As you all will be aware right now, with all the development that is taking place we do not have the requisite skillset and expertise in some of the big industrial stuff that is going to be coming on stream within the next year or two.

“Our intention is to bring these companies that had worked in these areas and have the expertise that is coming to Guyana to transfer that knowledge to our local Guyanese Workforce.”

This, Mr. Singh said, will help to develop themselves and the industry through local content and also benefit from the oil and gas

industry.

Guyana struck oil back in 2015 after many years of exploration. Since then there has been a struggle to incorporate the new oil and gas sector into a Guyanese Market that has not had such.

Knowing the struggle and a new interest by big and small international companies with the skills for the industry, Guyana has not wasted any time in capitalizing on the market.

This meant that Guyanese and the business community had to now push toward fostering the workforce and service needed for the industry.

However, even today, that workforce and companies are still not enough to compete.

This has caused some

companies to start joint ventures with major international companies.

Gaico and REV1 stand part of the venture and this, according to the Rev1 Energy, Ricky Ehrgott, is welcomed.

“We are looking forward to working with Kamal and Gaico. We are looking forward to helping grow the local economy/ local talent; help, train and be a part of the local economy for a long time” Minister within the Ministry of Public Works, Deodat Indar also welcomed the initiative as it stands part of growing local talents and the economy that will benefit all.

“For many years, we have been talking about how a Guyanese company can move from the level at which it is

operating to up the game because what we have is a technology gap, as well as a skills gap in a particular section in the new economy.

“This would involve oil and gas and other massive projects. So, here it is Gaico Construction is now partnering via REV1 Energy, and what does that mean? It simply means that is a partnership where new skills, technology are now going to be in the country, part of a local company that will bid for these large projects.”

Minster Indar said that this model will continue to be pushed in order to grow the oil and gas market.

Gaico Company is noted as a company that has been involved in Marine, Construction, and now the oil and gas sector.

people.”

Faibille’s country has a highly successful local content story. He served as a member of the Board of Petroleum Commissions and Chair of Ghana’s Local Content Committee, The renowned Trinidadian expert, Anthony Paul, who helped craft Ghana’s local content story, was also instrumental in the development of Guyana’s.

Despite the sidelining of Paul by the previous APNU+AFC Administration, the new PPP/C Government hired him shortly after

assuming office to serve on a diverse local content advisory panel.

A team from Ghana also came last year to review and advise on Guyana’s draft Local Content Bill before it was tabled.

Faibille said, “We from Ghana are here because we realise the commonalities between the people of Guyana and our own people, and the fact that because of the technical cooperation, arrangements between our respective governments, we see Guyana as a friend, as a brother or sister country and we want to take this

relationship further.”

The state oil executive said Ghana wants to see Guyanese businesses come into Ghana at some point to work with their indigenous businesses, and vice versa. He said companies from the two countries will be able to develop more synergies if they partner.

Already, Guyana has signed a series of cooperation agreements with Ghana and is set to partner, based on discussions had when the two countries’ Vice Presidents visited each other’s countries last year.

GUYANA’S LOCAL CONTENT LAW PHENOMENAL – SAYS GHANA’S OIL EXPERT

Chief Executive Officer at Ghana’s Petroleum Commission, Egbert Faibille Jnr

Chief Executive Officer at Ghana’s Petroleum Commission, Egbert Faibille Jnr., has said that the developments on Guyana’s local content front are “phenomenal”.

He made the comment

on the sidelines of the International Energy Conference and Expo at the Marriott Hotel, Kingston on Thursday.

“Your government and people will be in the lead towards ensuring that the benefits of oil

and gas trickle down to everybody, so that this land will continue to be a land of happiness, and of course, a land of diversity with true value and benefits for even the investors and also, the government and the

Guyana to develop an electric...

Con’ted from pg 2

technology.

Prime Minister Phillips said the government is developing solar farms and mini hydro power systems in the hinterland with close to $1.1 billion provided in budget 2022 for that purpose. He said that access to energy has far-reaching economic, environmental, and social info@guyanapostonline.com

benefits.

“Consequently, in addition to serving domestic needs, it is important to link rural electrification efforts to productive activities such as ICT, commerce, and agro-processing to allow for greater community involvement, retention of skills in the

community, and longterm sustainability,” PM Phillips stated.

The Prime Minister reiterated that Guyana remains committed to achieving a low carbon economy, and added that the transition to clean energy will remain a national priority.

Forbes Burnham would have been 99 February 20, 2022 marks the 99th birth anniversary of Linden Forbes Sampson Burnham, S.C, O.E the founder of the People`s National Congress, First Prime Minister of Guyana and First Executive President of the Cooperative Republic of Guyana.

The Forbes Burnham Foundation in keeping with its objective to

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commemorate his life and memorialize his legacy, will be hosted by the Kitty Methodist Church on Sunday, February 20 at a commemorative church service.

Forbes Burnham is an alumnus of Kitty Methodist Primary, which now bears the name: FE Burnham Primary in memory of his father and former Head of that School. LFS Burnham was also a parishioner of

Kitty Methodist.

The Foundation will also be sponsoring the Annual Commemorative Cycle Race from Homestretch Avenue to his former residence in Belfield and back on Sunday 20 from 2.00 pm.

The commemorative activities will culminate on February 27 when the Foundation will hold its Annual General Members meeting.

Ssturday February19, 2022

Venezuelan woman remanded on murder charge

Excise Stamps on Cigarettes

Beauford Watson

Yesica Carolina Mayo

Guyana Revenue Authority

The Guyana Revenue Authority is reminding all importers, wholesalers, and retailers that all imported packages/units of alcoholic/tobacco products must be affixed with an excise stamp in accordance with the amendment made under Regulation 212 of the Customs Act, Chapter 82:01.

The GRA in keeping with this Regulation has intensified its law enforcement efforts.

This has led to several

seizures. Some of the illegal/uncustomed brands of tobacco products observed/ seized include Atlanta, Nashville, B&B, Ultra Buy, Royal, Milano, Record, Aurora, Gold Mount, Pride, Record, Capital, Star Gold, Rio, 51, Marshal, Capital, Marine, and Tradition.

The GRA, in its ongoing effort to tackle the trade of illicit Tobacco brands, hereby notifies importers, wholesalers, retailers, and users

of tobacco products that the legitimate imported brands, which are thus far, deemed in compliance with Tax Laws and Health Act, Pall Mall, Bristol, Dunhill, GT Smart, Darkies, and Manchester.

The Revenue Authority reiterates its commitment to working together with legitimate importers and the General Public to ensure compliance with the various Tax, Trade, and Border laws.

As such, persons/ companies who may not be fully compliant are hereby urged to visit the Revenue Authority Headquarters to regularize their trade affairs and become compliant, since a zerotolerance approach is being adapted against smuggling and any form of tax evasion. Offenders may face penalties as stipulated under the laws inclusive of prosecution.

Days after a Venezuelan woman stabbed a Guyanese man to death, she was remanded to prison on Thursday for unlawfully killing the man.

The accused, Yesica Carolina Mayo, appeared before Chief Magistrate, Ann McLennan and was not required to enter a plea to the indictable charge.

According to the charge, Mayo on February 12, at Sandhill Backdam, Kaikan, Upper Mazaruni, stabbed 33-year-old Beauford Watson called “Marlon”.

Ms. Mayo was remanded to prison until March when she will make her next court appearance at the Kamarang Magistrate’s Court.

Reports suggest that Mayo, Watson, and another woman were allconsuming alcohol when a fight broke out between the two.

Mayo later armed herself with a knife and stabbed Watson. He fell to the ground and was rushed to the nearby hospital, where he was pronounced dead on arrival.

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