ACTIVITIES

The Eastern Caribbean Geothermal Development Project (“Geo-Caraïbes”) will implement a regional strategy that will create the conditions for successful deployment of commercially viable geothermal power production and overcome the barriers to the development of geothermal power in the three Project Countries. The resulting electricity from geothermal power generation in the Commonwealth of Dominica, St. Lucia, and/or St. Kitts & Nevis will supply a large portion of the electricity requirements for each country, thereby offsetting electricity consumption from diesel-powered generation and reducing the emission of greenhouse gases of up to 250 thousand tons of CO₂ per year. The Project will reduce the risk-costs associated with geothermal development with the goal of creating the conditions for commercial geothermal development in the Eastern Caribbean. The Project is organized around three principal elements that are conditions precedent for successful geothermal development:

1. Resource Characterization. To definitively establish the resource base through thermal gradient and slim hole drilling and use this information to attract potential private developers.

2. Improving financial viability via the Establishment of a Risk Reduction Financial Tool lowering the geothermal risk. Establish a Risk Reduction Financial Tool to mitigate risks for project developers undertaking production drilling activities.

3. Institutional Strengthening and Capacity Building activities designed to address in parallel the institutional, legal, and regulatory barriers to geothermal development in the three Project countries.