Thursday, November 29, 2018

St. Vincent and the Grenadines: Drilling Contract Signed for 4 Wells at 10 MW Geothermal Power Project

Iceland Drilling Company signs a new contract for geothermal project on St. Vincent, Caribbean (News Release)

St. Vincent Geothermal Company Limited (SVGCL) and Jardboranir hf. (Icelandic Drilling Company, IDC) have today, November 29th 2018, signed a drilling contract for drilling 4 wells in St. Vincent and the Grenadines. The wells are intended to supply steam for the geothermal power plant SVGCL is constructing.

The project aims to deliver a 10 MW geothermal power plant to the Caribbean island nation of St. Vincent & the Grenadines (SVG), transforming its energy sector, reducing its dependency on imported diesel, and providing a new sustainable and affordable source of energy based on an indigenous resource.

The commissioning of the plant is expected to be in approximately 2 years.

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