GEOTHERMAL POWERED ELECTRICITY WILL DECREASE CONSUMER PRICE BY 40%

Government's Geothermal Energy Project will continue in the next financial year.

Prime Minister Hon. Roosevelt Skerrit told Parliament that Government has already invested 67.7 million dollars toward this venture.

“These investments have allowed Government to establish that the geothermal resource of the Roseau Valley is of excellent quality and is available in sufficient quantity to generate in excess of 120 megawatts of electricity. There is reason to believe that we are beginning to reap the benefits of using this approach.”

The Prime Minister disclosed that the Agence Francaise de Developpment (AFD) at a recent in Paris offered to provide full financing for the construction of the small power plant of 15 megawatts.

The Prime Minister stated that, “This power plant would supply electricity to the local market.  Upon construction of this plant, the current analysis suggests that consumers can expect to see a decrease of some forty percent in the price paid for electricity in Dominica.”

Efforts will be made soon to determine the extent of the lands required for the project. He assured land owners that their rights will be respected.

“In the coming months, work will commence to determine the amount of land that would be necessary to successfully build and operate the geothermal plant that we plan to establish.  In doing so, Government guarantees that the property rights of land owners in the selected communities will be respected.  Those occupying lands legitimately but with no title to their property will be assisted in obtaining titles so as to facilitate transactions of bringing the resource to commercial reality.  Government regards the people in possession of the lands in the resource areas as key stakeholders, and as such Government will intensify the dissemination of information on all aspects of the development and will seek the participation and involvement in the planning as this project progresses.”

The remarks by the Hon. Prime Minister Skerrit who is also Minister for Finance was made during his presentation of the 2013/2014 budget to Parliament.