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Qualibou Energy to develop geothermal project on St Lucia

Pink Sheets-listed geothermal project developer Qualibou Energy has entered into a binding agreement with the government of St Lucia to develop and deliver power from geothermal resources on the island.

‘The resource on St Lucia has proven reserves of 30MW and probable reserves of an additional 140MW,’ said Stephen Baker, president and CEO of Qualibou.

‘Production drilling plans are underway and a drilling schedule will be announced in the near future. We plan to generate 120MW of power from this resource with the first phase being 15MW,’ he added.

St Lucia, located in the Eastern Caribbean, is part of a volcanic arc known as the Lesser Antilles.

Surface manifestations of geothermal activity are centred in the Sulphur Springs area and include hot springs, steam fumaroles and boiling mud pools.

The resource has been extensively explored since the mid 1970?s and nine wells have been drilled to date.

Steam was found in five of the exploratory boreholes with one of the deeper wells returning steam and water at 235 degrees Celsius, creating ideal conditions for electricity generation, said Qualibou.

Qualibou Energy is an emerging renewable energy company with a growth strategy emphasising greenfield developments. The company’s first geothermal concession is located on St Lucia, which it acquired through its reverse acquisition of UNEC Holdings.

Source: Newenergyworldnetwork.com



Category/ies:St Lucia News.
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