Senior Advisor to the Dominica Geothermal Development Company (DGDC), His Excellency Dr. Vince Henderson has said that the financing package for Dominica’s Geothermal Program has been secured.
The financing package, which includes $22 million in grants, was approved by the World Bank.
Henderson said that the technical plan for the development of the project has also been secured, “and we are now awaiting the final approval of the tender documents so that we can go to market to invite tenders for an EPC contract, which is Engineering Procurement and Construction contract, [for] the entire development of the plant.”
He said that will lead to the construction of two turbines of 3.5 megawatts each in the Laudat area in order to generate power to sell to DOMLEC.
Henderson went on to say that the DGDC late last year finalized negotiations with Dominica Electricity Services Limited (DOMLEC) on the power purchase agreement.
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From the Global Geothermal News archives:
From the Global Geothermal News archives:
- Tuesday, March 19, 2019 - Commonwealth of Dominica: World Bank Approves Funding of 7 MW Geothermal Power Project
- Monday, January 28, 2019 - Commonwealth of Dominica: Citizenship by Investment Program Helps Pay for Construction of Geothermal Power Plant
- Thursday, December 27, 2018 - Commonwealth of Dominica: Construction of Geothermal Power Plant to Begin by Third Quarter of 2019
- Thursday, January 4, 2018 - Commonwealth of Dominica: European Union Provides Funds for Geothermal Energy Development
