Guyana taps into $900m IsDB fund for electricity supply project
Guyana is to receive US$20 million from the Islamic Development Bank (IsDB) to help finance "sustainable and stable supply" of electricity. It represents the first time the country will tap into $900 million that has been made available by the IsDB. The $20 million will be used by the Guyana Power and Light Utility Upgrade Programme, which is being co-financed by the Inter-American Development Bank and the European Union.
The project includes the rehabilitation of 153km of Guyana Power and Light's medium voltage and low voltage network and 6,941 smart meters, including the associated transformers, service lines and distribution boxes. The cash will also help fund the rehabilitation and extension of two 69/13.8KV substations at Kingston and Vreed-en-hoop including equipment switchgear, power transformers, rerouting of circuits distribution feeders and cable connections.
