Guyana Signs Investment Agreement for State-of-the-Art Waste Treatment Plant
Guyana has signed an investment agreement to construct a GUY$214 million state-of-the-art waste treatment plant.
Key Features of the Investment Agreement
* The waste treatment plant will be built at Coverden, East Bank of Demerara, and will create employment for over 40 people.
* The plant will use non-incinerator technology to process waste generated mainly by oil and gas companies and convert it into reusable oil.
* One of the byproducts of the process will be ‘slag,’ which is safe to dispose of in landfill sites and will be used for block-making to support the rapid pace of the construction sector.
Importance of the Investment Agreement
* The investment aligns with the government’s objective of achieving its Sustainable Development Goals (SDGs). The United Nations’ goal for Goal Six is to achieve clean water and sanitation by 2030.
* The investment is a statement of Guyana’s commitment to sustainable development and its potential to lead in green technologies.
* The plant will position Guyana as a leader in eco-friendly industrial solutions.
Quotes from Key Officials
* “This investment is more than just a facility; it is a statement of our commitment to sustainable development and our unwavering belief in Guyana’s potential to lead in green technologies. We are setting the stage for Guyana not only to meet but exceed global environmental standards, positioning our country as a leader in eco-friendly industrial solutions,” said Dr. Peter Ramsaroop, Guyana’s Chief Investment Officer.
* “This facility is just the beginning. Our partnership with the government and alignment with the low-carbon agenda demonstrates our dedication to creating a cleaner, more sustainable Guyana. We are not just treating waste; we are transforming it into value. And in doing so, we are laying the groundwork for a brighter, more prosperous future for all Guyanese,” said Mahendra Jettoo, Chief Executive Officer of Professional Waste Solutions Incorporated (PWSI).
Conclusion
The investment agreement signed by Guyana and Professional Waste Solutions Incorporated (PWSI) is a significant step towards achieving the country’s sustainable development goals. The state-of-the-art waste treatment plant will not only create employment opportunities but also position Guyana as a leader in eco-friendly industrial solutions.
FAQs
* Q: What is the cost of the waste treatment plant?
A: The cost of the waste treatment plant is GUY$214 million.
* Q: Where will the plant be located?
A: The plant will be located at Coverden, East Bank of Demerara.
* Q: What will be the main byproducts of the plant?
A: The main byproducts of the plant will be reusable oil and ‘slag,’ which is safe to dispose of in landfill sites and will be used for block-making to support the rapid pace of the construction sector.