Saint Lucia receives additional grants for geothermal project
Caribbean Saint Lucia receives additional support from the Global Environment Facility (GEF) complementing earlier grants by the World Bank, the government of New Zealand.
Caribbean island state of Saint Lucia continues to receive international support for its geothermal development efforts.
At a recent meeting, technical experts from the World Bank, the United Kingdom (UK) Department for International Development (DFID) and the New Zealand Government visited the country’s Ministry of Sustainable Development, Energy, Science and Technology to advance the Saint Lucia Geothermal Resource Development Project.
“So far, a combined total of US$2.8 million in financial and technical assistance grants have been invested into the geothermal project by the World Bank and the New Zealand Government, with supplementary funding of US$1 million from Saint Lucia`s Global Environment Facility (GEF) allocation`s fifth disbursement .
The Permanent Secretary in the Ministry of Sustainable Development, Energy, Science and Technology received the signed contracts for the GEF and SIDSDOCK grants [last week] and these will be forwarded to the Prime Minster for his signature.
The Geothermal Resource Development Project in Soufriere is a key pillar of Saint Lucia`s Sustainable Energy programme, as it has the potential to provide a steady base-load of electricity; stabilise energy prices way into the future; attract investment as a result; and place Saint Lucia on an irreversible path to sustainable economic development.”
Source: Caribbean News Service