Friday, May 3, 2019

Commonwealth of Dominica: More World Bank Funding for 7 MW Geothermal Power Plant Project

Dominica and World Bank sign financing agreement for geothermal project (Dominica News Online)

Dominica has signed an agreement with the World Bank for the financing of the Geothermal Development Project.

The project amounting to $27 million was signed between Regional Director for the Caribbean, Latin America and the Caribbean Region, Tahseen Sayed Khan and Prime Minister and Minister of Finance Roosevelt Skerrit at a ceremony held  at the Financial Centre earlier today.

This project will include the construction of a 7 MW geothermal domestic power plant. Skerrit revealed that in the next few weeks, the government will be engaged in a number of activities including the selection of the contractors and working towards the accomplishment of the conditions for effectiveness of the loan.