Project Overview
OVERVIEW
The project develops a 10 MW geothermal power plant in Laudat, Dominica commencing January 2024 and with a projected completion of December 2025. The Plant will be constructed by Ormat Technologies Inc with minimal adverse environmental and social impact on the neighboring villages while maximizing the transformative potential of the project to the entire island. The project will provide cheaper and more stable electricity prices and contribute to improving the attractiveness of Dominica as an investment destination and the lives of citizens. The project has the following objectives:
• Reduction of high electricity tariff rates.
• Reduction or elimination of use of diesel fuel oil generation.
• Reduce price variability in electricity tariffs – diesel fuel oil varies in cost.
• Overall effect – make Dominica a more attractive place to do business & reduce cost burden to community.
• Increasing Dominica’s climate resilience.
• Reducing Dominica’s carbon footprint through the maximization of renewable energy consumption.
