The Wales Watchdog Series: Part 1

𝗜𝗡𝗧𝗥𝗢𝗗𝗨𝗖𝗧𝗜𝗢𝗡 :

In the interest of transparency and national accountability, 𝙏𝙝𝙚 592 𝙂𝙪𝙖𝙧𝙙𝙞𝙖𝙣 is embarking on the grueling task of unraveling the labyrinthine conundrum that has become the Gas-to-Energy project. What was birthed as a singular, unilateral vision—a project declared the largest and most impactful in our nation’s history—was inexplicably brought to life without the safeguards of a formal feasibility study. Even more alarming is the apparent absence of rigorous due diligence regarding the contractor, Lindsayca, whose checkered international record was seemingly overlooked. As the price tag balloons and the timelines shift, we are committed to deconstructing this complex web of financial maneuvers and procedural bypasses, ensuring that every Guyanese citizen is clued into the reality of how their future is being managed. We invite you to join us on this investigative journey as we demand the clarity and oversight that our treasury, and our people, deserve.

𝗧𝗛𝗘 𝗣𝗥𝗘𝗠𝗜𝗦𝗘: 𝗔 𝗣𝗥𝗢𝗠𝗜𝗦𝗘 𝗢𝗡 𝗣𝗜𝗘𝗥 𝟭

In December 2022, the Government of Guyana (GoG) stood on the precipice of history, signing a $759 million USD contract with the Lindsayca-CH4 consortium. The promise was simple, yet seductive: a 300-megawatt power plant and Natural Gas Liquids (NGL) facility that would slash electricity costs by 50% by 2024.

But as the 2024 deadline crumbled, and as we stand in 2026 with a project total ballooning toward $1.1 billion USD, The 592 Guardian has pulled back the curtain on the “investigative vacuum” that allowed this deal to proceed. Our findings suggest that Lindsayca was never the “energy powerhouse” advertised, but rather a master of the 𝗘𝗣𝗖 𝗠𝗶𝗱𝗱𝗹𝗲𝗺𝗮𝗻 𝗠𝗼𝗱𝗲𝗹—Pl operating on high debt, low transparency, and a history of litigation.

𝗧𝗛𝗘 𝗩𝗘𝗡𝗘𝗭𝗨𝗘𝗟𝗔𝗡 𝗚𝗘𝗡𝗘𝗦𝗜𝗦 & 𝗧𝗛𝗘 𝗛𝗢𝗨𝗦𝗧𝗢𝗡 𝗛𝗨𝗦𝗧𝗟𝗘

Lindsayca was born in 1995 as a family-owned engineering firm in Venezuela. When the brothers Hector and Jesus Fuentes Guimare moved operations to Houston in 2003, they didn’t export a legacy of massive turbine construction; they exported a Rolodex.

𝗧𝗵𝗲 𝗥𝗲𝗱 𝗙𝗹𝗮𝗴𝘀 𝗜𝗴𝗻𝗼𝗿𝗲𝗱:

• The Gazprom Precedent: Before landing in Guyana, Lindsayca was embroiled in a $43 million USD dispute in Texas with Russian giant Gazprom. The allegations? Over-invoicing and under-performance on a gas compression plant. The pattern of “billing for the unbuilt” was established long before they touched Guyanese soil.

• The Debt Ratio: Independent financial audits from the 2016–2019 period—available during the bidding process—showed a company with staggering debt levels. Yet, the GoG’s evaluation committee deemed them “technically and financially sound” over world-class bidders like Guycan (Daewoo/Mitsubishi).

𝗧𝗛𝗘 𝗦𝗛𝗘𝗟𝗟 𝗚𝗔𝗠𝗘: 𝗧𝗛𝗘 “𝗥𝗗” 𝗖𝗢𝗡𝗡𝗘𝗖𝗧𝗜𝗢𝗡

Our investigation has tracked a sophisticated “internal procurement” loop. Lindsayca Guyana Inc. has not been purchasing critical materials directly from manufacturers.

Instead, invoices obtained by The 592 Guardian show a circular flow of funds:

1. Guyanese Taxpayer Dollars are paid to Lindsayca Guyana.

2. Lindsayca Guyana “purchases” materials from Lindsayca RD SAS (a shell entity in the Dominican Republic).

3. Lindsayca RD SAS—owned by the same Fuentes brothers—buys the materials with a massive markup, effectively “round-tripping” the profit into offshore accounts before a single turbine is fired.

“This isn’t infrastructure; it’s an extraction mechanism. They are self-supplying at a premium, then crying ‘insolvency’ to demand more money from the Guyanese treasury.” — Investigative Source, GTE Taskforce

𝗧𝗛𝗘 𝗣𝗥𝗜𝗖𝗘 𝗢𝗙 𝗦𝗜𝗟𝗘𝗡𝗖𝗘: $𝟭.𝟭 𝗕𝗜𝗟𝗟𝗜𝗢𝗡 𝗔𝗡𝗗 𝗖𝗢𝗨𝗡𝗧𝗜𝗡𝗚

Today, the “Deal of the Century” has become a “Debt of the Century.” The math is cold and unforgiving:

• Original Bid: $759 Million

• Arbitration Loss (DAAB): $102.7 Million (Paid by you, the taxpayer, due to site-access failures).

• The New Demand: $250 Million (The current “shakedown” amount Lindsayca claims is needed to reach late 2026).

𝗧𝗢𝗧𝗔𝗟 𝗖𝗢𝗦𝗧: $𝟭,𝟭𝟭𝟭,𝟳𝟬𝟬,𝟬𝟬𝟬 𝗨𝗦𝗗

𝗧𝗛𝗘 𝗚𝗨𝗔𝗥𝗗𝗜𝗔𝗡’𝗦 𝗩𝗘𝗥𝗗𝗜𝗖𝗧

The lack of due diligence by the Government of Guyana was not an “oversight”—it was a systemic failure. By bypassing established giants with proven track records for a firm with “shaky” financials and a history of legal warfare, the state has placed our energy security in the hands of a contractor that thrives on delays.

As the private jets ferry executives between Houston, the DR, and Georgetown at a cost of $70,000 USD per week, the Guyanese citizen is left holding a utility bill that isn’t shrinking—it’s subsidizing a Venezuelan-owned shell game.

𝗘𝗗𝗜𝗧𝗢𝗥’𝗦 𝗡𝗢𝗧𝗘: 𝗧𝗛𝗘 “𝗨𝗞 𝗠𝗔𝗡𝗘𝗨𝗩𝗘𝗥” & 𝗧𝗛𝗘 𝗨𝗦$𝟭𝟬𝟮𝗠 𝗕𝗜𝗟𝗟

𝗧𝗵𝗲 𝟱𝟵𝟮 𝗚𝘂𝗮𝗿𝗱𝗶𝗮𝗻 has uncovered a deliberate legal sequence that effectively “armored” the Gas-to-Energy (GtE) contractors against Guyanese oversight.

While the public was told this was an American-led project, the legal reality was engineered in the UK. On November 30, 2022—just 14 days before the contract was signed in Georgetown—the consortium registered 𝗟𝗜𝗡𝗗𝗦𝗔𝗬𝗖𝗔𝗗𝗘𝗩𝗘𝗟𝗢𝗣𝗠𝗘𝗡𝗧 𝗟𝗟𝗣 (𝗢𝗖𝟰𝟰𝟰𝟴𝟴𝟮) in the United Kingdom. This was not a coincidence; it was a tactical deployment.

𝗧𝗵𝗲 𝗖𝗼𝗻𝘀𝗲𝗾𝘂𝗲𝗻𝗰𝗲𝘀 𝗼𝗳 𝘁𝗵𝗲 “𝗣𝗮𝗽𝗲𝗿 𝗧𝗿𝗮𝗶𝗹”:

•𝗧𝗵𝗲 𝟭𝟵𝟴𝟵 𝗧𝗿𝗲𝗮𝘁𝘆 𝗧𝗿𝗮𝗽: By using a UK entity, the contractor successfully invoked the 1989 UK-Guyana Bilateral Investment Treaty. This allowed them to bypass our national courts and “drag” the government into international arbitration via the Dispute Adjudication/Avoidance Board (DAAB).

•𝗧𝗵𝗲 𝗨𝗦$𝟭𝟬𝟮.𝟳 𝗠𝗶𝗹𝗹𝗶𝗼𝗻 𝗣𝗮𝘆𝗼𝘂𝘁: As of January 2025, the DAAB ordered the Government of Guyana to pay the contractor a staggering US$102,679,839 for site handover delays and remediation. Despite government claims of “confidentiality,” records show these payments—equivalent to billions of Guyanese dollars—are already being siphoned from the Consolidated Fund in installments through 2026.

•𝗭𝗲𝗿𝗼 𝗟𝗼𝗰𝗮𝗹 𝗧𝗮𝘅 :Because the entity is a UK Limited Liability Partnership (LLP), it operates as a “tax-transparent” vehicle. Combined with the UK-Guyana Double Taxation Agreement, the contractor is shielded from local withholding taxes. While Guyanese citizens fund the project, the profits are repatriated to Houston and London virtually tax-free.

𝗧𝗵𝗲 𝗕𝗼𝘁𝘁𝗼𝗺 𝗟𝗶𝗻𝗲: Our “putting people first” administration signed a contract that allowed a foreign entity to use a British flag as a legal shield. As a result, Guyanese taxpayers are now paying a US$100 million penalty to a company that, by design, contributes nothing back to our national treasury in taxes.

This concludes the first segment of our investigative series.

𝗦𝗧𝗔𝗬 𝗧𝗨𝗡𝗘𝗗 𝗙𝗢𝗥 𝗣𝗔𝗥𝗧 𝗜𝗜 : The Double Agents—The Legal Architects and the $102M Poison Pill.

𝗧𝗛𝗘 𝟱𝟵𝟮 𝗚𝗨𝗔𝗥𝗗𝗜𝗔𝗡: Hard-Truth. Investigative Report. Your Rights, Guarded.

𝙏𝙝𝙚 592 𝙂𝙪𝙖𝙧𝙙𝙞𝙖𝙣 — 𝙏𝙧𝙪𝙩𝙝 , 𝘼𝙘𝙘𝙤𝙪𝙣𝙩𝙖𝙗𝙞𝙡𝙞𝙩𝙮, 𝙄𝙣𝙩𝙚𝙜𝙧𝙞𝙩𝙮 𝙄𝙣 𝙂𝙪𝙮𝙖𝙣𝙖 𝘼𝙣𝙙 𝘾𝙖𝙧𝙞𝙗𝙗𝙚𝙖𝙣 𝙋𝙚𝙧𝙨𝙥𝙚𝙘𝙩𝙞𝙫𝙚𝙨