The Government of New Zealand and the Caribbean Development Bank (CDB) have formally confirmed their ongoing partnership in support of geothermal energy development in the Eastern Caribbean.
On December 12, 2016, New Zealand High Commissioner, Her Excellency Mrs Jan Henderson met with President of CDB, Dr William Warren Smith, to discuss progress on the implementation of the CDB GeoSMART Initiative, which has been receiving technical support from the Government of New Zealand.
The GeoSMART Initiative was developed by CDB to provide appropriate and responsive financing to accelerate sustainable geothermal development in the Eastern Caribbean. Through a Letter of Intent, New Zealand confirmed its support for the Initiative through the provision of specialist drilling, geoscience and engineering advisory services.