CH4 Systems announced it had received the “Deal of the Year” award from the Export-Import Bank of the United States (EXIM) for its gas-to-power project located in Wales, Guyana. Developed in partnership with Lindsayca, Exxon Mobil and Enerflex, the project aims to generate 300 megawatts of electricity from natural gas.
This initiative is the first of its kind in the country and is expected to significantly reduce Guyana’s dependence on imported fuels. The electricity produced will be distributed to underserved areas, with the aim of cutting energy costs by up to 50% for households and businesses, according to information released by CH4 Systems on April 30.
Modular technology and combined-cycle efficiency
The project is based on modular gas processing technologies, allowing for faster deployment. It also integrates combined-cycle generation to increase energy efficiency and reduce emissions. CH4 Systems stated that the infrastructure was designed to accommodate Guyana’s tropical climate.
According to EXIM, award recipients must meet the highest standards in quality, health, safety, environment (QHSE), and corporate social responsibility (CSR). The project met or exceeded these standards, as stated in CH4’s press release.
Exporting American expertise abroad
Based in Guaynabo, Puerto Rico, CH4 Systems develops energy projects in emerging markets. The company’s involvement in the project covered engineering, financing, procurement, construction oversight and stakeholder engagement. The EXIM award also highlights the export of American services and technologies through this operation.
In an official statement, CH4 Systems Chief Executive Officer Juan Bellosta welcomed the recognition of the company’s work, highlighting the project’s contribution to Guyana’s energy development. The company did not disclose the total investment value or financial arrangements.
