The Renewable Energy Industry in CARIFORUM Countries

RENEWABLE ENERGY INDUSTRY STAKEHOLDER ASSESSMENT

GUYANA

3.8.4 | PRIVATE SECTOR INSTITUTIONS

The Guyana private sector institutions show interest in the RE sector. Their responsibilities in the private sector include investment promotion and facilitation of government incentives, trade promotion, advocacy, training and export development. Investment in RE and specific work towards enabling clients to develop RE business opportunities has been limited due to the missing regulatory elements and the extremely low number of RECs amongst their membership, averaging between 1 and 2. PSIs have adequate human resources. They are therefore well equipped to adequately execute their mandate on behalf of their members including any that may come from the RE industry. PSIs believe that access to financing is crucial, along with the completion of key studies like the IDB study on grid connection. There is also the need for more RE/ EE promotion and clear financial arrangements for investors with possible guarantees for private self- generation systems. Their relationship with the other key stakeholders is depicted in the diagram below.

LEAD GOVERNMENT MINISTRIES

UTILITIES REGULATOR

REGIONAL INSTITUTIONS

PRIVATE SECTOR INSTITUTIONS

FUNDING AGENCIES

FINANCIAL INSTITUTIONS

HIGHER EDUCATION INSTITUTIONS

RENEWABLE ENERGY COMPANIES

Figure 3.41 | Relationships of Guyana’s Private Sector Institutions

3.8.5 | HIGHER EDUCATION INSTITUTIONS

The two tertiary institutions in Guyana that could potentially provide teaching and training for RE professionals are the University of Guyana (UG) and the Guyana Government Technical Institute (GTI).

a) GTI was established in 1951 as a public education institution and has no plans to offer RE or EE courses. b) UG was formed in 1963 as a public education institution. It does not currently offer renewable energy courses but has plans to start a School of Energy which will focus on the Oil and Gas Industry but also include RE. There is a small Biodiesel plant, but no research is being done. The HEI stakeholder relationships are extrapolated from the other stakeholders that interact with them.

72

The Renewable Energy Industry in CARIFORUM Countries