The European Investment Bank has agreed to provide a $1.1 million grant to enhance planning and study the feasibility of exporting geothermal electricity from Dominica to Martinique and Guadeloupe.
The bank, which is the European Union’s long-term lending institution, will look at possible links from Dominica to Guadeloupe to the north and from Dominica to Martinique in the south.
“Ensuring the most effective use of geothermal energy as a sustainable source of electricity generation offers immense potential for transforming energy use and economic growth in the Caribbean,” said Plutarchos Sakellaris, European Investment Bank Vice President.
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