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Prime Minister Roosevelt Skerrit has announced that over EC$150 million has been invested into the geothermal project for Dominica thus far. He made the announcement while addressing the opening ceremony of a two-day \u2018Geothermal Global Partners Conference\u2019 which took place at the State House Conference Centre on Tuesday.<\/p>\n
Government has already completed the drilling of two additional geothermal wells and in the coming months, it is anticipated that construction will commence on the 10-megawatt power plant in Laudat as well as the building of a new high-capacity transmission network.<\/p>\n
\u201cThese latest developments and our incremental successes over the past decade are due in large measure to the generosity of our international partners,\u201d he said. \u201cSteadfast partners like you are an indispensable part of our process and success.\u201d<\/p>\n
The Prime Minister continued, \u201cOver US$55 million or EC [Eastern Caribbean] 150 million dollars have been invested thus far in this project.\u201d<\/p>\n
According to him, most of this investment is in infrastructure, \u201c45 percent of this cost has been shouldered by the government of Dominica, but significantly 55 percent of this funding has come in the form of infrastructure grants and technical assistance from partners.\u201d<\/p>\n
\u201cInfrastructure grants have been the key to our progress,\u201d Skerrit stated.<\/p>\n
Additionally, Prime Minister Skerrit said his government has observed that it is easier to secure technical assistance than these infrastructure grants, \u201cbut without them, we probably would not be where we are today.\u201d<\/p>\n
He extended particular thanks to the European Union and the Government of the French Republic for the early grants that helped his government to build its first three wells. Furthermore, he said today\u2019s conference is about extending the country’s cooperation, \u201cto take us over the finish line and to demonstrate to the region and Small Island Developing States (SIDS) around the globe, that regardless of our sides and limited capacity we can take the lead in renewable energy development.\u201d<\/p>\n
Meanwhile, he stated that despite Dominica\u2019s vulnerabilities, the country can make major moves, \u201cto transform our world, secure our economic futures and reverse the worrying trends associated with climate change and energy security.\u201d<\/p>\n
\u201cIn our particular case we are confident that exploration of this readily available, reliable, clean, and safe energy option will further position Dominica to confront the effects of disaster and other economic shocks which plague our development,\u201d Skerrit indicated.<\/p>\n
He told those who have already contributed to continue their support for this venture and invite new partners to be part of this success story.<\/p>\n
\u201cBecause we are fully confident it will be a success story,\u201d Skerrit said. \u201cCertainly, you will agree that we have come too far, the only way forward is to ensure that Dominica has the means and backing to forge ahead to the full commissioning of a Geothermal Energy Plant in the Roseau Valley.\u201d<\/p>\n
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