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Amaila Falls bids under evaluation as US EXIM Bank signals financing interest

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Amaila Falls bids under evaluation as US EXIM Bank signals financing interest

The government is evaluating bids for the Amaila Falls Hydropower Project, with President Dr Mohamed Irfaan Ali stating a decision on the preferred proposal could be made in the coming weeks.

The update comes as the United States Export-Import (EXIM) Bank has expressed interest in financing the project, one of several major infrastructure initiatives discussed during a meeting between President Ali and the bank’s president and chairman, John Jovanovic, in New York on September 21.

President Dr Mohamed Irfaan Ali sat down with Journalist Kiana Wilburg for a special interview on Guyana-Qatar relations

During a special interview on Guyana-Qatar relations streamed on Tuesday, President Ali confirmed that bids were received following a renewed tender for the hydropower project.

The head of state made it clear that the government’s preferred approach involved a design, build, finance and operate arrangement supported by a power-purchase agreement.

The proposed site for the Amaila Falls Hydropower Project

“We are hoping that in the coming weeks, we will be in a position to say what structure or what bid is the best in the interests of Guyana’s development and our people’s development,” the president said.

The Amaila Falls Hydropower Project will be developed in Region Eight and is designed to deliver a minimum of 165 megawatts (MW) of renewable energy to the national grid.

It forms part of the People’s Progressive Party/Civic (PPP/C) Administration’s broader energy strategy, which seeks to diversify Guyana’s energy mix through investments in natural gas, hydropower and solar energy.

The project was advanced more than a decade ago under a previous PPP/C Administration but encountered a major setback in 2013 amid disagreements over parliamentary support.

The renewed effort to develop Amaila Falls is in line with Guyana’s Low Carbon Development Strategy (LCDS) 2030.

The strategy identifies hydropower as an important component of the country’s transition towards cleaner energy. Once operational, the facility is expected to supply large-scale renewable electricity to the national grid and contribute to Guyana’s long-term energy security.

The latest development also follows discussions between President Ali and the US EXIM Bank on expanding financing cooperation.

In addition to Amaila Falls, the bank has expressed interest in supporting Guyana’s proposed second gas project, a deepwater port and other infrastructure investments.

The evaluation of bids is ongoing.

No successful bidder or finalised US EXIM financing agreement for Amaila Falls has been announced.

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Source: Department of Public Information (DPI)

Guyana records 324-hectare increase in mangrove coverage

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Guyana records 324-hectare increase in mangrove coverage

Guyana’s mangrove coverage expanded by 324 hectares during the first half of 2026, strengthening the country’s natural coastal defence system amid continued efforts to improve climate resilience.

According to the government’s 2026 Mid-Year Report, the country’s mangrove coverage increased from 21,053 hectares in 2025 to 21,377 hectares by June 2026.

The increase represents approximately 3.24 square kilometres of additional mangrove coverage.

Mangroves form an important component of Guyana’s coastal protection strategy, helping to reduce the impact of waves and erosion while providing habitat for marine and terrestrial species.

The expansion is taking place alongside continued investment in coastal protection infrastructure. The government’s 2026 Public Sector Investment Programme includes a $284.5 million Mangrove Management project, which provides for restoration between No. 39 and No. 59 Villages, as well as the construction of armour rocks and rubble-mound groynes.

The project is classified as critical and is intended to support sustainable coastal zone protection.

The government has also identified mangrove restoration, sea and river defences, and other climate-resilience measures as important investments for protecting agricultural, residential and commercial areas from the effects of climate change.

The latest expansion in mangrove coverage therefore forms part of a broader approach that combines nature-based coastal protection with engineered sea-defence infrastructure.

With Guyana’s coastal population, agricultural lands and economic activity concentrated along the Atlantic coast, maintaining and expanding mangrove ecosystems remains an important element of the country’s efforts to strengthen resilience to coastal erosion and other climate-related risks.

The government is expected to continue mangrove restoration and coastal protection works throughout the remainder of 2026 as part of its wider climate-resilience programme.

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Source: Department of Public Information (DPI)