Sector Policy
The “Energy Policy of Guyana,” completed in 1994, advocates the replacement of imported petroleum, as far as possible, by indigenous renewable energy sources. Increased and more efficient use of domestic energy resources, primarily hydropower and bagasse for electricity generation, is envisaged to contribute significantly in this regard. More recently, the System Development Plan prepared by GPL (Guyana Power and Light) in 2000 and its 2007-2011 Development and Expansion Programme (D&E) reflect the official government policy of utilizing Guyana’s renewable energy resources such as biomass and hydropower.
Meanwhile, the sector policy has also relied on the encouragement of private sector participation in building a healthy market-oriented economy. The policy envisaged that Independent Power Producers (IPPs), which are investor-owned enterprises involved in power generation, will be encouraged. Additional policies are certainly needed to strengthen the energy sector.
Read more about this topic: Electricity Sector In Guyana
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