This progress is encouraged by the recent receipt of grants from the Global Environment Facility (GEF) and the Small Island Developing States Renewable Energy project (SIDS DOCK), facilitated by the World Bank.
The GEF and SIDS DOCK, through the World Bank, have approved US$2 Million to contribute towards the first phase of geothermal development assistance to the Government of Saint Lucia.
These funds will be used to support surface exploration, as well as transaction and negotiations assistance in order to help the Government of Saint Lucia reach a fair and equitable concession agreement with the geothermal developer.
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