How much profit does Guyana s energy storage power station make

How does Guyana generate electricity?

Guyana primarily relies on heavy fuel oil for electricity generation (Figure 9). The vertically integrated, state-owned company called Guyana Power and Light (GPL) controls almost all of the country’s electric power sector.

Is Guyana a good country for electricity?

Despite Guyana's potential in hydropower and bagasse-based power generation, Guyana's installed capacity comes primarily from diesel-engine-driven generators. This high use of fossil fuels makes the electric power sector expensive and unreliable; electricity costs average $0.32 per kilowatthour, which is among the highest in the region.

Does Guyana have a biofuel sector?

Guyana's biofuels sector is still in its early stages of development and accounts for 0.02% of total energy production. According to a study by CEPAL, Guyana has high biofuel potential, especially from sugarcane, which is a source of significant economic output in the country.

How many biomass power plants are there in Guyana?

As of May 2024, Guyana had only one operational biomass power plant—the Skeldon Biomass Power Plant in East Berbice-Corentyne. The power plant became operational in 2008 and is equipped with two steam turbines with 30 MW of generating capacity. Bagasse, a residue of sugarcane, is used as the primary fuel source for this power plant.