Luis Abinader details the advances of energy agreements with Guyana

Abinader presents advances from energy, trade and food security agreements

Guyana – The president Luis Abinader He presented the advances experienced in the memoranda of understanding signed by the Dominican government with the Cooperative Republic of Guyana during the visit of his counterpart, Mohamed Irfaan Ali in August 2023.

Memoraondes deal with oil exploration and exploitation; Installation of an oil and petrochemical refinery for fertilizer production; food security of both peoples; and about commercial, information and data exchange to accelerate reciprocal development.

During his speech at the Energy and Expo Conference on the supply chain, Guyana 2025, under the motto “Connecting the points: integrating the future,” the Dominican president stood out regarding oil exploration, which after studies and exchanges between the two Commissions, Dominican Republic is ready to complete the agreements on the allocation of the Berbice block, which will complete approximate with the Ministry of Environment and with which they hope to repeat the History of successes of the adventurous nation of Guyana.

He explained that, in regard to training for work, the Guyana Ministry of Labor and the Dominican Profession ; This platform will allow Guyana to have an entity specialized in training of trainers in a low cost and high quality.

In the area of ​​agricultural sowings, he said, the associations of businessmen of the Dominican agricultural sector exchange with their guyanese counterpart projects to install companies with basic culture technologies of great demand in order to take advantage of the extensive lands and enviable productive conditions of their exuberant nature , ensuring high profitability yields to achieve food security that everyone wants.

In addition, he indicated that, as agreed, they have already completed a feasibility study, for the installation of a fertilizer petrochemical plant, mainly of urea, at a time when the offer of this product is restricted and continues to play a role essential in world food security. “With this plant we will meet the demand of both nations, putting a golden seal to our food security.”

Regarding the oil refinery, he said that it constitutes a greater financial and industrial decision that requires longer -range decisions. “To this end, we analyze alternatives that we will soon present to our Guyanic homologous. In a few months we will meet to make the final decision. ”

The Dominican Head of State said that, thanks to the effort and facilities provided by President Alí, the Guyana-Dominican Chamber of Commerce is already operating in both nations, stimulating reciprocal knowledge and identifying investment opportunities towards the two nations that will undoubtedly open A new page in this shared story.

Vigorous dynamics of changes and growth of the energy sector

The Dominican ruler said that during the last three years the electricity sector has led, after tourism, to foreign direct investment in the Dominican economy, made unprecedented and that indicates the vigorous dynamics of changes and growth of the energy sector and the confidence of the investors in the country.

“Dominican Republic wants to conquer its logistics center space of the Atlantic Ocean. We are an economy that grows to 5% sustainably, the result of a social peace, that all political organizations, the private sector and society as a whole, recognize and value, ”said Abinader.

He explained that, the electricity sector in the Dominican Republic is still in the process of consolidation, and that they are working in an accelerated way to improve distribution and transmission networks, as well as marketing, together with a great commitment to a modern generation park and diversified.

For example, he cited, the generation with natural gas already reaches 43% of the country’s total, and this year the first of four units of 417 MW enters that will be completed before 2028.

He explained that three of these units are part of the great project of Manzanillo, north of the island, which also includes a terminal for receiving, storage and distribution of liquefied natural gas, investments totally in charge of Dominican entrepreneurs.

The Dominican president indicated that, with great support from the government, the private sector prepares to open other projects that will add 1,000 MW, at 1,100 already existing in photovoltaic parks distributed throughout the country.

Wind sector also advances in the Dominican Republic

He stressed that the important wind sector also advances in the Dominican Republic, with an installed capacity of 270 MW and several additional development projects, and has even received the United Nations Nations Carbon certificate.

He also said, last Saturday, February 8, 2025, being 1:38 pm, for the first time the generation, via renewable sources contributed 1,222.72 MW, to the national electrical system. Exceeding 0.85%, the thermal generation, which at that time contributed 1.201.47 MW, for the supply of 100% of the demand at that time.

He also stressed that coal still adds stability to the system and is currently responsible for 28% of the energy generated, and oil derivatives still add about 13% to the total system.

President Abinader pointed out that, the nominal capacity installed of all combined sources in the country rises to about 6,500 MW, with an approximate peak demand of 3,900 MW and an interannual growth of 7%, requiring an addition in new annual generation plants almost 400 MW in order to keep the demand properly satisfied and a comfortable cold reserve.

Advances in higher education, foreign investment and export market

It meant that, in education, the country has 56 higher education centers, the majority internationally qualified. In addition, foreign investment records have been broken year after year and the export market is at its best historical moment.

Also, he said, the country has 12 international maritime ports including a multimodal, 8 international airports, and is in a privileged geographical position between the main global economic centers.

“Our finances are solid and our powerful projections. The Standard and Poor’s credit agency reaffirmed the risk rating of the Dominican Republic in BB, with a stable perspective, highlighting the regional leadership of the Dominican economy in terms of growth. Therefore, the Dominican Republic is open to the arrival of investors from all over the world and of all levels, offering opportunities, legal certainty and economic profitability, ”he said.

Guyana, experiences the highest growth rate in the last four years, 38.5%

He added: “Of course, distinguished friends, although we indicate these outstanding figures in my country, we do it aware that our host nation, Guyana, experiences the highest growth rate in the last four years, 38.5%, almost situation Never seen before, thanks to the huge findings of oil and gas in its exclusive economic zone and to the good management of those resources. I want this growth to be maintained and that it is a true tractor of development in your country and also of thrust for the entire region. ”

The Dominican president considered that Guyana is lucky to have a leader of Irfam Ali’s vision and dynamism, a vision they have discussed several times, without a doubt, it is correct to achieve full development for Guyana and its people.

“Mr. President Alí, distinguished participants in this splendid” Energy and Expo Conference on the supply chain “they have organized, we must reflect together on the fact that, thanks to renewable and non -renewable natural resources, as well as minerals, oil, oil And gas, among others, the human being has reached development tops never seen before, ”he said.

However, he warned that countries badly called underdeveloped are excluded from the transformation and added value, since their raw materials are extracted from their territories without counting on them in the value chain.

“But this paradigm must change and forever. His vision is correct for Guyana and we also share it: now we must all be headquarters and part of the complexes that manufacture high -tech goods, such as integrated circuits or chips, crucial elements in the manufacture of almost all modern goods ” , Abinader said.

Congratulations to Guyana for his vocation of peace and for the love of his land

After proclaiming that, the time has come to be part of the innovations, of the high range of 5G and 6G technologies, of the Internet of Things and Artificial Intelligence, Abinader expressed his congratulations to the Cooperative Republic of Guyana for his vocation of peace , for the love of his land, for the battle that libra by his integrity as a nation and, for his courage to defend the immense riches of his territory and exclusive economic zones.

“The Constitution of the Dominican Republic, defines us as a social and democratic state of law, organized unitary and inspired by respect for human dignity. Also, our nation recognizes and applies the norms of international, general and American law, to the extent that their public authorities ratify and assume them, ”he said.

The Dominican president said that, under those principles “we are respectful of the integrity of nations, and naturally from Guyana, both in regards to its territory and its exclusive economic zones, according to the rights of the sea promoted by the UN, and with his political and economic sovereignty ”.

These principles, he said, unite us, “dear Guyanese brothers, because we know of the democratic and social spirit that encourages them. Therefore, they receive our personal support, from the Dominican people, of America and the world. ”

America could become the greatest natural source of Electric generation of the world

The Dominican head of state highlighted the privileged location of America that generates most of the sea currents, which gives it enormous energy potential, to the point that it could become the largest natural source of electricity generation in the world.

He acknowledged that, currently difficult times for solidarity between peoples and that disputes over global hegemony and fierce competition for consumer markets have generated a climate of uncertainty and division.

He indicated that, the expansion of science and technology was expected to encourage a more equitable society by promoting the trade fair and strengthening international relations. “It has not always been the case.”

He pointed out that a more interconnected world must translate into greater solidarity between nations as a way to reduce exclusion and poverty. “Therefore, President Alí, how timely and transcendental is to strengthen the relations between the Dominican Republic and the Cooperative Republic of Guyana, our dear Guyana.”

President Abinader added that, in a global context marked by uncertainty, it had never been so crucial to join efforts, reaffirm ties and advance together towards a future of development and shared prosperity.