GEORGETOWN, Guyana, January 23, 2008 – With its vast array of cascading waterways among other pristine natural resources, Guyana is capable of promoting renewable energy by becoming one of the central points of hydropower supply in the Caribbean.
The Turtruba Hydro Project in the Mazaruni, Region Seven has been identified through a feasibility study in 2002 as one with immense potential to supply power to the Caribbean region.
During a presentation on the Project, Chief Executive Officer (CEO) of the Enman Group Donald Baldeosingh, while at a seminar on renewable energy at the Umana Yana, said the project can meet the demand for large sustainable energy sources which is high in the Caribbean.
The Enman group, a Trinidad-based company is projecting that the Turtruba Hydropower project has the potential of producing more than 11,000 megawatts of power with minimal environmental degradation.
“I think it’s well known that Guyana has a 7,000 megawatt hydropower potential which theoretically can supply the Caribbean as we stand today. There are also wind and solar potential in Guyana and the Caribbean,” Baldeosingh said.
In 2005 the Enman group presented a pre-feasibility report on the Tortruba rapids located in the Mazaruni River which identified the potential of the project and outlined the additional work that was needed.
“The study concluded that Tortruba is a good site with very good foundation, an excellent reservoir, good transportation and will have minimal disruption to
residents,” Baldeosingh explained.
The collaboration between the Guyana Government and the Enman group in making the project a reality was lauded by the Baldeosingh Enman group which has concluded pre-feasibility studies, markets and business plans.
Prime Minister Samuel Hinds is expected to turn the sod to mark the commencement of the project which is expected to create more than 2000 job opportunities, according to Baldeosingh.
He added that the project will promote economic development in Guyana and the Caribbean since Guyana will become a net exporter of energy.
The hydropower technology which Enman proposes will allow isolated power sources to be transmitted to Brazil and parts of the Caribbean. Trinidad and Tobago, Puerto Rico, the Dominican Republic, Haiti and Jamaica could be beneficiaries of the power supply.
Baldeosingh revealed statistics which show hydropower being the source for most of the power supply in South American countries.
The Enman company is also pursuing efforts to develop a US$4B submarine power transmission cable for power to be taken through the Caribbean islands and over to Roraima in Northern Brazil.
Negotiations with Brazil, Puerto Rico, United States Virgin Islands, Dominican Republic, and other Caribbean islands have been ongoing.
The company’s main aim is to provide bulk reliable power at an economic price to large consumers.
Hydropower among several other renewable energy resources has been gaining awareness around the world as the solution to the high consumption cost incurred in the use of fossil fuel.
Some islands in the Caribbean region have expended more than 40 percent of its Gross Domestic Product (GDP) on fuel.