Instream to provide hydrokinetic energy in Guyana

Georgetown, Guyana (April 18, 2022) – Dane Gobin, CEO of IWOKRAMA and Dave Dennis, CEO of INSTREAM ENERGY SYSTEMS of Vancouver, Canada, signed an MOU to provide reliable, environmentally friendly, low-cost hydrokinetic energy to support the conservation and sustainable use of Guyana’s natural resources.

As part of the collaboration, IWOKRAMA is keen to develop and implement joint green energy initiatives and models to support IWOKRAMA and local riverain communities and scale up to larger industrial and commercial projects, including agriculture and mining.

Dave Dennis remarked, "We are delighted that Iwokrama recognizes the value in our versatile hydrokinetic energy solutions to help them meet their environmental and conservation goals. Our sincere thanks to Major General Singh who was an essential catalyst in connecting our technology with this amazing opportunity. “

Dane Gobin said, "Iwokrama looks forward in earnest to this collaboration. The Centre has introduced new technologies to Guyana in the past and believes that working with Instream can indeed further community livelihoods, conservation and other development objectives contained in the Low Carbon Development Strategy 2030. Green energy remains an important objective for Guyana."

Instream Energy Systems: Instream Energy Systems (IES) is a pioneer developer of versatile, clean, reliable and low-cost hydrokinetic energy solutions for inland waterways and tidal applications. IES's patented vertical axis hydrokinetic turbines efficiently convert the kinetic energy into moving water into renewable electricity and has been proven safe in marine habitats.

IES, founded in 2008 in Vancouver, Canada, co-developed the IES technology through a strategic partnership with BAE Systems. IES works with multiple strategic partners, licensees, and stakeholders committed to sustainable energy to implement its technology for North and South America, the UK, and the EU projects.

Iwokrama International Centre: The IIC is an international not-for-profit organization governed by an International Board of Trustees and managed by a professional team of around seventy permanent staff in Georgetown and at the Iwokrama River Lodge and Research Centre Kurupukari. The IIC's Patron is HRH, The Prince of Wales.

The Iwokrama International Centre (IIC) was established in 1996 under a joint mandate from the Government of Guyana and the Commonwealth Secretariat. The Iwokrama forest, a unique reserve of 371,000 hectares of rainforest, is managed to ensure lasting ecological, economic, and social benefits to the people of Guyana and the world in general.