The contractor responsible for Guyana’s Wales Gas-to-Energy project is seeking an additional US$250 million to complete the troubled facility, even as technical experts warn that the 2026 year-end deadline is unlikely to be met.
Lindsayca Development LLP disclosed in its Annual Report for the year ended December 31, 2024, that negotiations with the Government of Guyana for a significant contract price adjustment are at an advanced stage. Sources close to the process confirmed to Kaieteur News that the company has formally proposed the US$250 million increase, though the GTE Taskforce, headed by Winston Brassington, is reportedly considering a lower figure of US$170 million to cover remaining construction activities.
President Dr. Irfaan Ali, however, is said to hold a different view. According to insiders, he is against any additional payments to the company.
The contractor has already received just over US$102 million following a dispute with the government. Despite this, technical experts say completing the gas plants by the end of 2026 remains highly unlikely. Sources indicated that ExxonMobil recently conducted an internal review at the request of the government, which confirmed the 2026 deadline will not be met.
The ongoing delays carry serious consequences for Guyanese consumers. Continued blackouts, elevated electricity tariffs, and costly short-term energy rental contracts remain the immediate burden on customers of the Guyana Power and Light Inc.
Beyond domestic energy concerns, Guyana is also missing a critical commercial window. With global prices for light liquids and cooking gas rising across the region, the stalled NGL facility means the country cannot capitalize on the current export market. A recent report in The Economist dated April 5, 2026, noted Guyana’s broader oil windfall, yet NGL production remains entirely absent from that boom.
An independent investigation by Kaieteur News further contradicted government claims of round-the-clock work at the site. Despite a statement from the Office of the Prime Minister asserting that a triple shift was underway, drone footage captured by this newspaper showed the site dark and inactive well after 6:00 PM, with workers observed leaving for the night by 6:30 PM.
SOURCE: Kaieteur News, “Wales gas plant contractor now wants US$250M more to complete project by year-end,” April 22, 2026
