Dominica geothermal project secures financing as plant designs expected shortly

After securing a project manager in June, Dominica’s geothermal project continues to move forward and designs for the plant are expected to be completed by Q3 2017. “In June of this year, the government of New Zealand recruited a project manager who is now engaged with DGDC,”Prime Minister Roosevelt Skerrit told legislators recently, adding “funding for the project will come from various sources”. Skerrit detailed that funding will include EC $40.5 million from the Dominican government, EC $30 million from Britain, EC $5.4 million from New Zealand, and EC $5.4 million from SIDS DOCK. Dominica has applied for funding from the UAE Caribbean Renewable Energy Fund, recently launched in the region, and is expecting between EC $8.1 million and EC $13.5 million to support development of a battery storage system for the national grid. Further funding will come from World Bank in the form of a loan of EC $16.2 million.