World Bank Director for the Caribbean Tahseen Sayed and Prime Minister Roosevelt Skerrit signed the US$27 million
ROSEAU, Dominica – 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. The next steps include selecting contractors, acquiring land and other activities which the government will undertake in the following weeks to see this commitment delivered efficiently.
“The signing of this agreement is another milestone in our quest to develop the geothermal potential of Dominica,” Skerrit explained, as he…
