Berbice company goes 100 percent solar
The Nand Persaud Group of Companies on Friday held their launching ceremony for their innovative and development-friendly Green Energy System at Nand Persaud International Communications Inc. (NPIC) Tain, Corentyne. NPIC is the first major company to have gone 100 percent solar in Guyana and the project is said to have cost some $110 Million.
Prime Minister, Moses Nagamootoo congratulated the directors of the company for their venture. He posited that while the company going solar was as a result of scientific and technological advances, the Nand Persaud Group must be hailed for their diversity in investments, ranging from rice, marketing and now, renewable energy. Nagamootoo stated that the investment into solar energy is a “revolution”. He underscored that an investment of such magnitude paves the way for other investors. He also reiterated Government’s plan to power various parts of the country with renewable energy. Some $250 Million is earmarked to get the ball rolling. Meanwhile, Minister of Business, Dominic Gaskin also congratulated the Nand Persaud Group of Companies on moving to solar energy. Minister Gaskin stressed that “People need to practice a more conscious consumption. Our businesses need to invest in value added production.” “I must commend the company for the launch of the green energy system, we hear very often the cry of businesses about the cost of energy in Guyana, and the negative impact on the cost of operating a business in Guyana. Today we see the implementation of renewable energy to power its operations.” Ragindra Persaud, the Chief Executive Officer of the Nand Persaud International Communications Inc., stated that the company decided to make the move to solar energy because it is now a “cost efficient” investment. “Recently with the global drive for solar power, we have started to decide to invest in solar energy, Over the past years, solar has become very, very competitive, the prices are going down, the technology is getting better …” Persaud highlighted that as of now, the usage of solar energy is at two percent, but noted that the figure is expected to grow by 25 percent in the next ten years. The system, he indicated will be available to all Guyanese since it is on the agenda to partner with the company that installed it.
(Kaieteurnews.com)