Tuesday, October 23, 2018

Saint Vincent and the Grenadines: PPA Could be Signed Shortly for 10 MW Geothermal Power Project

Power Purchase Agreement for Geothermal Project expected to be signed shortly (WE FM)

Prime Minister Dr. Ralph Gonsalves says the Power Purchase Agreement (PPA) for the Geothermal Project is expected to be signed shortly. The agreement will be signed by the St. Vincent Electricity Services Limited (VINLEC) and Emera Inc. and Reykjavik Geothermal.

Speaking on Friday at the reopening ceremony for VINLEC’s South Rivers Power Station, the Prime Minister said that up for signing shortly, too, is an amended Shareholders’ Agreement in which the government’s shareholding in the geothermal project increases to 49%, with 51% held by Emera Inc. and Reykjavik Geothermal.

The Government has indicated that this project will see the installation of 10 MW of geothermal energy in Saint Vincent and the Grenadines.

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