| Project Detail |
Guyana Shore Base Inc. (“GYSBI” or the “Company”) is a privately owned and operated shore base facility located in Georgetown, Guyana. GYSBI serves as a transshipment point for supplies, materials, and equipment, and provides various support personnel and services, including waste management, warehousing, fuel bunkering, pipe storage, water treatment and potable water storage, among other services, to Esso Exploration & Production Guyana Limited (“EEPGL” or the “Offtaker”) a subsidiary of ExxonMobil in Guyana.
The Company is seeking total debt financing of approximately US$130 million, and IDB Invest as A lender will be providing approximately US$70 million to (i) refinance certain existing bridge loans; (ii) expand GYSBI’s port and shore base facilities through the construction of four additional berths; (iii) increase the size of the Shore Base logistics support area; (iv) develop and construct an infill project that will allow offloading of heavier cargo; (v) purchase and construct a waste management facility; (vi) install rooftop solar photovoltaic (“PV”) capacity to meet GYSBI’s energy needs; and (vii) construct additional warehouse capacity. |
