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CDB approves USD 34.8M loan to build Geothermal Energy Plant in Dominica - Caribbean News Global

Summary by Caribbean News Global
BRIDGETOWN, Barbados – The Caribbean Development Bank (CDB, the Bank) has approved a USD 34.8 million loan to the Geothermal Power Company of Dominica (GPC) to fund the construction of a 10-megawatt (MW) geothermal power plant. The project is designed to strengthen Dominica’s energy security, reduce electricity production costs, and significantly lower carbon emissions in the power sector. Currently, Dominica imports over 90 percent of its energ…
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