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.
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From the Global Geothermal News archives:
From the Global Geothermal News archives:
- Tuesday, March 26, 2019 - Commonwealth of Dominica: Two X 3.5 MW Turbines Funded for Geothermal Power Project
- 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
