(Courtesy EGS Inc.) |
Britain’s Department for International Development (DFID) is funding the exploratory phase of the geothermal energy project and Premier Reuben Meade says he is hoping London will fund the entire project so that the resources and revenue can go to the people of Montserrat rather than to private firms. The DFID has already allocated 8.5 million pounds sterling for the exploration of geothermal energy on the island.
The government said the drilling and testing phases are expected to take three to four months. It said two wells will be drilled down to a depth of 5,000 feet and that a recent Geothermal Exploration Report (PDF) done by EGS Inc. of Santa Rosa, California indicated that there was an 80 per cent likelihood of geothermal energy on Montserrat.
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