St Vincent & the Grenadines outline progress on geothermal work
In a media event in Saint Vincent, Reykjavik Geothermal has announced that they have completed all the surface exploration work at the Soufriere geothermal project.
The Saint Vincent & The Grenadines Government has been working on the la Soufriere geothermal project for a long time and now Reykjavik Geothermal has announced that they have completed all the surface exploration work.
According to local news a “Media Launch was held at Cabinet Room this morning for the National Geothermal Project, which is expected to bring major benefits for the national economy.”
The same source states that “The project aims to provide this country with a source of affordable sustainable energy, stabilise electricity prices and improve energy security.” Rising costs of diesel fuel for energy generation is very damaging for the local economy, the government’s finances and prevents growth.
With the hope of being energy self-sufficient, Caribbean nations are looking at geothermal and other renewables to phase out fossil fuels.
To listen to the different participants at the media Launch, please follow the link below.
Source: NBC radio