Montserrat geothermal projects to move forward next year.
Funded by the UK Department for International Development (DFID), a third geothermal well will be drilled in Montserrat.
Following on the heels of two other wells that are each currently producing 1.5 MW of power, this new well hopes to bring Montserrat geothermal production to ~5 MW.
Source: http://www.enorca.com/
The DFID funding secures about US$6.5mm to drill the exploratory well, and there could be a third party capital partner brought in for the construction, operation and management of the geothermal plant.
Impact studies for the St. Georges Hill drilling site should be completed by the end of the year.
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