The loan from the Abu Dhabi fund for Development, amounting to 15 million US dollars, will go toward the government’s Geothermal Energy project.
In presenting the Bill in Parliament, Prime Minister and Minister of Energy, Dr. Ralph Gonsalves explained that a lot of work has already been done in relation to the geothermal energy project and he outlined some of the works that are planned to be carried out this year.
Dr. Gonsalves said the Geothermal Plant is scheduled to be constructed between March, 2018 and April, 2019, and added that the plan is to have about 10 megawatts of geothermal capacity installed in the first instance.
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