Total installed electric generating capacity was 301,000 kW in 2001, almost all of it in conventional thermal plants. Total electric energy produced in 2000 was 505 million kWh, of which 99% came from fossil fuels and the rest from hydropower. Consumption of electricity in 2000 was 469.7 million kWh. Frequent power failures have hampered production and thus impeded economic growth. The lack of reliable electricity in and around Georgetown has prompted many businesses to utilize imported small diesel-operated generators, further increasing total fuel demand.
A Canadian company found very high grade oil in the Essequibo region, also claimed by Venezuela, but further exploration was suspended when the company, unable to find the necessary financing, shut down its operations. In 1991, there were four oil concession holders for the Takutu Basin.
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