GPL Signs UAE Partnership to Modernise Guyana's Electricity Network

• Guyana Power and Light Inc. (GPL) signed a Memorandum of Understanding (MoU) with Global South Utilities Power Enterprises Investment LLC (GSU) of the United Arab Emirates (UAE) to establish a framework for cooperation in power generation, renewable energy and smart electricity infrastructure.
• According to GPL, the partnership aligns with its Development Plan, which aims to modernise Guyana's electricity network, improve service reliability and resilience, increase generation capacity, and integrate innovative technologies to meet the country's rapidly growing energy demand.
• GPL's Head of the Executive Management Committee, Kesh Nandlall, described the agreement as an important milestone in the company's transformation. The partnership will leverage international expertise, innovative technologies and strategic investments to accelerate the delivery of GPL's Development Plan and provide a more reliable and efficient electricity service.
• Under the MoU, GPL and GSU will collaborate on identifying, evaluating and developing power and energy projects. The agreement also provides for joint feasibility studies and the exploration of financing, technical cooperation and implementation strategies, with individual projects to be governed by separate agreements.
• GPL said GSU brings extensive international experience in the development, financing and operation of power and energy infrastructure, particularly in emerging markets. Through the partnership, GPL expects to benefit from global best practices and advanced technologies to support the modernisation of Guyana's electricity network.
• The partnership is expected to play a key role in advancing renewable energy integration, strengthening generation capacity and introducing smart electricity infrastructure, enhancing operational efficiency, improving system reliability and better serving customers across Guyana.

(Source: News Room)