The com­pa­ny in­volved in the gas-to-en­er­gy project in Guyana, says ef­fec­tive im­me­di­ate­ly, it will now op­er­ate un­der the name, Lind­say­ca Guyana Inc (LND) and that the de­ci­sion fol­lows a cor­po­rate con­sol­i­da­tion process aimed at align­ing the com­pa­ny’s iden­ti­ty with its long-term strate­gic vi­sion and the on­go­ing ad­vance­ment of the project in­to its next phase of im­ple­men­ta­tion.

LND­CH4 Guyana says the name change does not al­ter the com­pa­ny’s core mis­sion, scope, or ob­jec­tives, reaf­firm­ing its “un­wa­ver­ing” com­mit­ment to sup­port­ing Guyana’s en­er­gy de­vel­op­ment by de­liv­er­ing so­lu­tions that are af­ford­able, re­li­able, and sus­tain­able for both present and fu­ture gen­er­a­tions.

“The gas-to-en­er­gy project con­tin­ues to progress steadi­ly, with con­struc­tion ac­tiv­i­ties, equip­ment de­liv­ery, and lo­gis­tics ad­vanc­ing in ac­cor­dance with es­tab­lished time­lines,” LND said in the state­ment.

It said that as the lead en­gi­neer­ing, pro­cure­ment, and con­struc­tion (EPC) con­trac­tor, Lind­say­ca Guyana Inc is proud to be spear­head­ing one of the most trans­for­ma­tive in­fra­struc­ture projects in the mod­ern his­to­ry of Guyana with far-reach­ing im­pli­ca­tions for eco­nom­ic growth, en­er­gy se­cu­ri­ty, and na­tion­al de­vel­op­ment.

“The re­brand­ing fol­lows an in­ter­nal re­struc­tur­ing that has strength­ened the com­pa­ny’s tech­ni­cal and op­er­a­tional ca­pa­bil­i­ties through the on­board­ing of high­ly qual­i­fied pro­fes­sion­als.

“This or­gan­i­sa­tion­al evo­lu­tion en­hances Lind­say­ca’s abil­i­ty to de­liv­er the project with the high­est stan­dards of qual­i­ty, safe­ty, and com­pli­ance, with­out im­pact­ing the es­tab­lished sched­ule,” the com­pa­ny said in a state­ment.

In April, the gov­ern­ment said that it had re­ceived sev­en bids for the sec­ond phase of the project, which in­cludes the de­sign, con­struc­tion, and op­er­a­tion of a 300-megawatt (MW) com­bined cy­cle pow­er plant and a nat­ur­al gas liq­uids (NGL) fa­cil­i­ty with a ca­pac­i­ty to pro­duce about 5,800 bar­rels per day (b/d).

The bids were from com­pa­nies in the Unit­ed Arab Emi­rates, the Unit­ed King­dom, Lux­em­bourg, Guatemala, and Guyana.

The project will uti­lize about 70 mil­lion cu­bic feet per day (cf/d) of nat­ur­al gas—the re­main­ing ca­pac­i­ty of a pipeline be­ing con­struct­ed to trans­port about 120 mil­lion cf/d from Exxon­Mo­bil’s Liza field off­shore Guyana to the Wales De­vel­op­ment Zone on the west­ern bank of the De­mer­ara Riv­er.

To­geth­er, the two phas­es are ex­pect­ed to de­liv­er a to­tal of 600 MW of pow­er, sig­nif­i­cant­ly re­duc­ing Guyana’s de­pen­dence on im­port­ed fu­els and low­er­ing elec­tric­i­ty costs, which are among the high­est in the re­gion.

The project is al­so ex­pect­ed to gen­er­ate rough­ly 9,800 b/d of nat­ur­al gas liq­uids (cook­ing gas) from a frac­tion­a­tion fa­cil­i­ty, which will re­duce the cost of the com­mod­i­ty.

The project is be­ing fi­nanced by a guar­an­teed loan from the US Ex­port-Im­port Bank amount­ing to US$527 mil­lion.

The US-based com­pa­ny has the re­spon­si­bil­i­ty of com­plet­ing the in­te­grat­ed fa­cil­i­ty that will process the gas and con­vert it in­to pow­er. In­di­an com­pa­ny Kalpataru Projects In­ter­na­tion­al is tasked with es­tab­lish­ing trans­mis­sion lines and sub­sta­tions need­ed to de­liv­er the elec­tric­i­ty to the na­tion­al grid. This work is cur­rent­ly on­go­ing.

Be­fore this, Exxon­Mo­bil com­plet­ed its por­tion of the project by lay­ing the pipeline that will al­low the gas to be trans­port­ed from the off­shore Stabroek Block to the pow­er plant, which will be lo­cat­ed in the Wales De­vel­op­ment Zone, West Bank De­mer­ara.

The GTE project will dou­ble the coun­try’s gen­er­at­ing ca­pac­i­ty whilst si­mul­ta­ne­ous­ly re­duc­ing the cost of elec­tric­i­ty by 50 per cent. The gov­ern­ment said that the cost re­duc­tion is ex­pect­ed to sig­nif­i­cant­ly in­crease man­u­fac­tur­ing ac­tiv­i­ty, push­ing Guyana clos­er to a self-suf­fi­cient na­tion.

Last month, Guyana’s vice pres­i­dent, Bhar­rat Jagdeo, said the Guyana gov­ern­ment had been as­sured that the de­ci­sion to split the con­trac­tors en­gaged in the mul­ti-mil­lion dol­lar gas to en­er­gy project was to en­sure that it will be de­liv­ered with­in the stip­u­lat­ed dead­line of the sec­ond quar­ter of 2026. (CMC)