As part of efforts to build a climate resilient nation and reduce its dependence on fossil fuel, the Government of the Commonwealth of Dominica recently unveiled plans to complete the construction of a new geothermal plant in 2022.
To accomplish this mission, the Government has partnered with donor organisations such as the World Bank, the Caribbean Development Bank, Small Island Developing States- SIDS Dock and the Clinton Foundation to finance the construction.
“So we have put in US$5 for the acquisition of lands for the operation of the geothermal company; and we would expect the rest of the funds for the actual project will come from our partners who will be bringing in about US$25 million in equity and the balance of the funds we will get from lenders such as the World Bank; we will use the grants from the UK that is fund we have been able to secure,” Dr Henderson, Ambassador to the Organisation of American States Dr Vince Henderson, stated in a release.
Upon completion, the plant, at its Roseau Valley home, will generate approximately 120 megawatts of electricity and as a result, reduce the cost to supply energy to consumers.
Dr Henderson pointed out that there will be enough electricity from the plant to provide supply to the islands of Guadeloupe and Martinique, the Dominican Government is also looking at ways to sell energy to the French territories, which will in turn increase foreign exchange.
“We need a partner. We need to get to the exports and this is one of the reasons why we have engaged in negotiations with a consortium of French companies to develop the domestic plant but also to move quickly to export. Because we have a great opportunity here to secure royalties from the sale of power from geothermal to French territories” he explained.
While listing some of the benefits of the plant, the ambassador noted that “geothermal energy can operate with zero emissions, can serve as a power board, and it is really the only way that Dominica can transition in a very efficient way from diesel generation to renewable energy. for benefits to citizens and consumers you will see a reduction in tariffs and what we know for a fact is that it will cost us about half of what it costs DOMLEC to produce energy using generators.”