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Geothermal Energy Development Project is “Right Back on Track”

by: - June 30, 2020
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The Hon Parliamentary Representative for Roseau Valley which includes Laudat says the Geothermal Energy Development Project in that area is ongoing.

In May 2019, an agreement was signed with the World Bank for a loan exceeding $20m to advance the project- the World Bank’s first foray in that field in the Caribbean in 30 years.

The company formed to manage the project, the Dominica Geothermal Development Company, in early October 2019 said it had successfully reopened the geothermal production well known as WW-P1 at Laudat.

This was five years after its last opening in June 2014, shortly after it was drilled.

The company said it completed a series of tests on the well which ended later that same month.

“We really want this to come to completion because we know what it means for the country. We know that obviously to do business in Dominica you have to consider the cost of energy and electricity, and with our geothermal [plant] we can cut it down by 40%, which will make it easier for us and we will be more competitive [for] getting projects,” Hon Dr Irving McIntyre said Sunday.

“We have this online. Initially the bid was a little higher, we had to get back to the drawing board as regards to the re-injection and I think we are right back on track,” he assured.

Only about four months ago, Government got approval from the House of Parliament to accept a $46 million dollar loan to further the 7 megawatt geothermal energy plant.

The cost of electricity on Dominica is said to be among the highest in the world.