ROSEAU, Dominica — In December, Dominica’s energy minister, Ian Douglas, addressed the government’s plans to build a geothermal plant in the third quarter of 2019. Construction will be set on the outskirts of the capital city of Roseau. It hopes to power 23,000 homes with clean geothermal energy, which represents approximately 90% of the entire population.
Funding for the geothermal project was partly acquired through Dominica’s citizenship by investment (CBI) programme. Additional funds came from the World Bank, Caribbean Development Bank and the Inter-American Development Bank.
Though small in size, Dominica is considered the best second citizenship to invest in, according to an independent study by the Financial Times’ publication, PWM. After they pass the due diligence checks, citizenship hopefuls then choose to either invest in real-estate or contribute to a government fund. The latter is called the Economic Diversification Fund (EDF) and it sponsors public and private sectors in Dominica that need the financial support or have economic potential.
