Friday, February 8, 2013

Montserrat:

Montserrat Says Progress Being Made on Geothermal Project (Caribbean Journal)

La Soufrière or Soufrière Saint Vincent
(Courtesy Caribbean Journal)
Montserrat says it is making progress with its geothermal exploration project.

The Iceland Drilling Company has already offloaded auxiliary equipment, and is set to return with the rig.

Montserrat’s government says the project could “revolutionize Montserrat’s economy” by providing less costly power and potentially positioning the island to export power to its neighbors.

The United Kingdom’s Department for International Development has allocated almost $13.5 million for geothermal exploration in Montserrat.

Iceland Drilling signed a contract with Montserrat in October 2012.

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