Go to of UK Minister Baroness Chapman with Grenada Prime Minister Hon. Dickon Mitchell (supply: Leslie Smith through LinkedIn)
The UK Authorities is supporting geothermal growth in Grenada with £10 million funding to go in the direction of useful resource analysis and exploration drilling.
The UK Authorities has pledged funding of £10 million to assist geothermal growth within the island nation of Grenada within the Caribbean.
The funding was introduced by Baroness Chapman, UK Minister for Latin America and the Caribbean, throughout her assembly with Grenada’s Prime Minister Hon. Dickon Mitchell. It’s going to go in the direction of assessing the viability of creating the geothermal assets of Grenada, together with the drilling of exploration wells.
The geothermal assets of Grenada has the potential to displace as much as 55% of the nation’s whole electrical energy technology from diesel. It will improve Grenada’s vitality safety, present a cleaner setting for the residents and lead to decrease electrical energy charges for companies and residents.
“I’m thrilled to announce £10m in new funding, which is supporting Grenada’s efforts to scale back its resilience on fossil fuels and transition to a extra sustainable, regionally sourced vitality future. The funding in geothermal vitality is not going to solely assist to decrease vitality prices for households and companies, however will even result in decrease carbon emissions, an important step in tackling the local weather disaster all of us face,” stated Chapman.
This is a vital a part of the UK authorities’s dedication to supporting the Caribbean area in its journey in the direction of inexperienced vitality adoption and local weather resilience”.
Whereas there had been sustained curiosity to develop geothermal in Grenada for the higher a part of the final decade, progress has to this point been restricted to an Environmental and Social Affect Evaluation report revealed again in 2019. A scoping report, additionally revealed in 2019, pointed to 2 potential growth websites specifically Tricolar, in Mt Reuil, St Patrick, within the foothills of Mt. St Catherine and Florida/Pleasance, up behind Gouyave in St John, once more pretty near Mt. St Catherine.
Prime Minister Mitchel expressed gratitude for the UK Authorities’s assist: “We’re grateful for the UK’s assist in advancing our geothermal exploration undertaking. This funding will enable us to evaluate the geothermal potential of Grenada and take additional steps in the direction of constructing a clear, sustainable and extra inexpensive vitality system for our nation. We’re excited in regards to the prospects that this undertaking holds for our nation’s future.”
Supply: Caribbean Information World and Leslie Smith through LinkedIn
