World Bank Offers Dominica $27 Million for Geo-Energy

World Bank Director for the Caribbean Tahseen Sayed and Prime Minister Roosevelt Skerrit signed the US$27 million

caribbeannewsnow.com - May 19, 2019

Dominica reached a new milestone in its feat to become “the world’s first climate-resilient nation,” when prime minister Roosevelt Skerrit and the World Bank regional director Tahseen Khan signed a financing agreement earlier this month worth US$27 million.

The World Bank funding, along with sponsorship from the citizenship by investment programme (CBI), Dominica Housing and others, will go towards developing a 7MW geothermal plant on the island.

This will help Dominica diversify its energy mix, increasing its renewable energy share from an already impressive 25 percent to 51 percent.

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