Guyana Power and Light Inc. (GPL) signed a new Memorandum of Understanding (MoU) with the Global South Utilities Power Enterprises Investment LLC (GSU) of the United Arab Emirates (UAE) this week.
In a press release, GPL noted that the GSU delegation arrived for a meeting with President Dr. Mohamed Irfaan Ali and engaged in talks with stakeholders from the private and public sectors before signing the MoU with GPL.
The agreement was signed by Head of GPL's Executive Management Committee, Kesh Nandlall, and Chief Executive Officer of Global South Utilities, Ali Abdulla Ali Mohammed Alshimmari, establishing a framework for cooperation in three priority areas: power generation, renewable energy, and smart electricity infrastructure.
“The partnership aligns with GPL's ambitious 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,” the power company said in a release.
Speaking following the signing, Nandlall reportedly described the agreement as an important milestone in GPL's continued transformation.
"This partnership with Global South Utilities creates opportunities to leverage international expertise, innovative technologies and strategic investments that will help accelerate the delivery of our Development Plan and ultimately provide a more reliable and efficient electricity service for the people of Guyana," Nandlall was quoted as saying.
Under the MoU, GPL and GSU will collaborate on identifying, evaluating, and developing projects within the power and energy sector. The agreement also provides for joint feasibility studies and the exploration of financing, technical cooperation, and implementation strategies for future projects, with individual initiatives to be governed by separate definitive agreements.
GSU brings extensive international experience in the development, financing, and operation of power and energy infrastructure projects, particularly in emerging markets. Through this collaboration, GPL expects to benefit from global best practices and advanced technologies that will support the modernisation of Guyana's electricity network.
GPL added, “The partnership is expected to play a key role in advancing renewable energy integration, strengthening generation capacity and introducing smart electricity infrastructure that enhances operational efficiency, improves system reliability and better serves customers across Guyana.”
GSSU is a United Arab Emirates-based enterprise headquartered in Abu Dhabi. As a subsidiary of Resources Investment Company, GSU focuses on delivering, financing, and operating utility infrastructure (primarily renewable energy and water) across emerging markets in Africa, Asia, and Latin America.
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