The development of Dominica’s geothermal energy potential has moved one step closer to fruition.
Government today officially signed the contact for the drilling of exploratory geothermal wells in the Roseau Valley.
Prime Minister Roosevelt Skerrit says the geothermal project will not only boost the country’s economic situation but it will help narrow the economic gap as well.
Skerrit also called on the nation to embrace the geothermal project, an initiative that he said will also eradicate some of the problems facing other sectors of the economy.
“This project, we believe can serve as a serious platform to addressing a number of challenges in the economy because clearly Dominica cannot compete with countries with fossil fuel products,” he said.
Skerrit said government believes that exploitation of Dominica’s geothermal potential could help reduce the high import bill and the issues affecting the tourism sector.
Meantime Energy Minister Rayburn Blackmoore says government is spending too much money on energy generation.
He says exploration of the country’s geothermal resource is the only answer.
The project, financed jointly by the European Union and the French Global Environment Facility, commenced in November 2008 with a total project commitment of Euro-5.5 million ($21,280,117.84), plus counterpart funding from the Government of Dominica.
EU representative Hubert Per says the European Union is pleased to be part of the project.