Reported from Dominica in the Caribbean, the country’s Prime Minister and Minister for Finance, Dr. Roosevelt Skerrit has announced that his government will inject EC$45m (USD 16 million) into Dominica’s geothermal project.
The finance minister was speaking at a private sector forum at the Fort Young Hotel last week, as reported by the government. .
Hon Skerrit says the success of this project will have a positive impact on the private sector.
“We have invested millions thus far and will make a further investment of EC$45m (USD 16 million) in the development of the geothermal plant. I am sure that you all look forward to the significant reduction in the cost of energy that will follow. This will be a positive impact on your businesses and this will also stimulate investments by others in establishing new businesses. The funding announced now is in addition to EC$80 million (USD 29 million) spend by the government already.
This cash injection is through the Citizenship By Investment programme.
Source: Q95a, Government of Dominica
