Gas to Energy Project in Guyana: Unnecessary and Oversupplied

The gas to energy project proposed in Guyana is questionable and poses a risky bet. The current grid system in Guyana does not require a project of this size, leading to a significant oversupply. Regardless of the low or high case scenarios, the reserve margin would be considerably high, with estimates ranging from 58% to 196%. Furthermore, the historical overestimation of electricity usage by the utility company raises doubts about the project's necessity. The unreliable nature of the current system, with frequent power outages, does not instill confidence in the reliability of the proposed gas project. Instead, a solar plan is proposed as a more affordable, stable, and beneficial alternative for Guyana, providing direct benefits to the citizens and keeping the capital within the country.