A UAE utility has signed a deal with Guyana Power and Light, marking Gulf capital's first entry into South America to modernise the country's power grid.
Energy
Key Facts
—The deal. Guyana Power and Light signed a cooperation agreement with Global South Utilities, a power investor from the United Arab Emirates.
—The first. It marks the Gulf company’s first entry into South America, a new front in its emerging-market strategy.
—The scope. The framework covers power generation, renewable energy and smart electricity infrastructure.
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