Discover Montserrat reports that the Department for International Development (DFID) has pledged to provide funding to help develop Montserrat’s geothermal energy sector:
The Department for International Development (DFID) has agreed to fund the next phase in the development of a geothermal power plant on Montserrat.
According to the Hon. Minister of Energy Paul Lewis, the agency will source the funding to engage experts to move the geothermal plant development forward. “This expertise could take the form of a “Client Engineer” that will aid in the formulation of turnkey service for the project,” a release from Lewis’ ministry stated.
Minister Lewis shared that the client engineer is expected to have experience in public private partnerships as it is the proposed way the plant is to be developed. The engineer would be responsible to guide the development of the Montserrat Geothermal Plant Project.
He added that his ministry’s data gathering has revealed that it is possible to get a cheaper cost of power delivery to the consumer and they want to ensure that the public receives the best price on the market.
According to the press statement released on Wednesday, “there was a common consensus that the Early Market Engagement process was a success. There is a clear indication of interest in Montserrat’s geothermal prospects based on the number of well qualified geothermal players that participated in the exercise. It was further recognized that the current wells developed through investments provided by the UK Government has aided the advancement of Montserrat’s quest for geothermal energy.”
For more information see the full article at Discover Montserrat.
Previously on Green Antilles: Geothermal is a key component of Montserrat’s energy strategy.
[Image: Geo Thermal]