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International companies showing interest in Dominica geothermal energy

The Dominica government says more than 14 international companies have shown an interest in developing the island’s geo thermal sector.

Energy Minister Rayburn Blackmore, speaking on a government programme on Thursday night, said the tenders for the project has already been released by the Roosevelt Skerrit administration “and as I speak with you so far more than 14 companies have demonstrated an interest”.

While he did not disclose the names of any of the companies, Blackmore said that among them include one from Iceland “with a reputation for developing geothermal plants, (among them) the biggest in the world off over 600 megawatts.

“We are seeing companies of high repute, of international standings showing an interest in what we have. We are saying for this thing to make sense we have to look at the whole prospect of foreign exchange possibilities”.

He said as a result, developing the sector would require the mobilization of a significant amount of capital.

“We are looking at more than US$400 million to develop this sector and its potential to the level where we can generate and sell,” the Energy Minister added.

In its manifesto for the last general election, the ruling Dominica Labour Party (DLP) said that it would seek to lay the groundwork for the development of the energy sector.

The party said it has already entered into agreements to take advantage of the potential for geothermal energy given the fact that Dominica has the highest concentration of geothermal sources in the world.

“During this term, the selected sites will be tapped and will come into action. This will reduce the energy bill of every Dominican. It will give Dominica cheap clean power that will attract foreign investment. We will be able to export power to the neighbouring French islands.”

Category/ies:Dominica News.
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