NO. 22/2017 DATE: March 24, 2017
GRENADA RECEIVES GRANT FOR GEOTHERMAL ENERGY DEVELOPMENT
ST. GEORGE’S, GRENADA Friday, March 24, 2017: The Board of Directors of the Caribbean Development Bank (CDB), at a recent meeting, approved a grant of USD$231,630.00, to the Government of Grenada, to build its capacity for planning and implementation of its Geothermal Energy Development Roadmap (GEDR).
The resources are from the Global Environment Facility, through the Inter-American Development Bank’s Sustainable Energy Facility, for the Eastern Caribbean with the CDB.
This technical assistance Project will provide the Government of Grenada with consultancy expertise for a period of 24 months. Consultants will work with the Government’s staff, through the establishment and operation of a Geothermal Energy Project Management Unit (GPMU). The GPMU will provide dedicated resources to pursue the country’s geothermal energy development plan and support the achievement of exploration drilling.
In her statement, post the Directors’ meeting, Tessa Williams-Robertson, Head of the Renewable Energy / Energy Efficiency Unit, at the CDB noted: “The grant will enhance the Government of Grenada’s own capacity to move, realisation of its geothermal energy potential, to the next level. Under CDB’s GeoSmart Initiative, appropriate resources have been mobilised and CDB is working with development partners to assist Eastern Caribbean countries in developing geothermal energy where the potential exists.”
Grenada is especially dependent on imported petroleum products to satisfy its growing energy demand. In 2014, the cost of Petroleum products imported in 2014 amounted to approximately USD$67 million.
The Project is consistent with the 2011 National Energy Policy, supporting the Government of Grenada’s ongoing efforts to improve the country’s energy security. The Government is also working towards meeting its national target for reducing carbon emissions by thirty percent (30%) by 2025, to which successful geothermal development will make an important contribution.
Between January 2015 and now, the following have been accomplished with respect to Geothermal Development in Grenada:
- The undertaking of extensive geochemical, geophysical and geological surveys to provide estimates on Grenada’s geothermal resource.
- The preparation of a Geothermal Resources Development Roadmap (GRDR) outlining key activities, costs and resources required to achieve commissioning of a 15MW geothermal plant in 2022/3.
- Two Donor forums to report findings from activities completed and to garner further support.
- Shortlisting of locations suitable for exploration drilling.
- Preliminary assessment of the existing infrastructural capacity of the island to facilitate an exploration drilling campaign and deliver equipment to the potential sites; and
- A preliminary analysis of Grenada’s institutional, legislative and regulatory frameworks for assessing the Environmental and Social Impacts of a geothermal development.
Successful development of Grenada’s geothermal energy potential holds the greatest prospect for transforming the state’s energy sector. Against this backdrop, the Government of Grenada is grateful to the Governments of New Zealand and Japan for their financial and technical contributions, which to-date, have amounted to more than USD2M.
339 GRENADA TO DRAFT A COUNTRY PROGRAMME TO ACCESS CLIMATE FINANCE UNDER THE GREEN CLIMATE FUND (GCF)
315 INCREASED INVESTOR CONFIDENCE IN GRENADA LEADS TO OVER-SUBSCRIPTION OF EC.56 MILLION IN TREASURY BILLS
214 VALIDATION WORKSHOP: DIAGNOSTIC ASSESSMENT OF THE CONSUMER PROTECTION LANDSCAPE IN THE OECS REGION
204 NEW CUSTOMS OFFICERS RECEIVE TRAINING IN MONITORING AND CONTROL OF TRADE IN OZONE DEPLETING SUBSTANCES (ODS)
200 GRENADA TO BENEFIT FROM REGIONAL DEMONSTRATION PROJECT FOR THE REFRIGERATION AND AIR-CONDITIONING SECTOR
197 OECS COUNTRY MISSION TO UNDERTAKE DIAGNOSTIC ASSESSMENT ON CONSUMER AFFAIRS LANDSCAPES IN MEMBER STATES
196 ENERGY DIAGNOSIS AND POLICY EVALUATION WORKSHOP AS GRENADA MOVES FORWARD IN DEVELOPING NATIONAL ENERGY PLANNING GUIDELINES
84 Government to meet with Public Sector Unions to discuss new protocol for Statutory Bodies and State Owned Enterprises
58 November 3, 2014 - DISCUSSION OF DRAFT SCOCIAL COMPACT ON GBN TELEVISION – TUESDAY NOVEMBER 4TH, 2014
54 September 25, 2014 - LOCAL TEAM MEETING HELD FOLLOWING THE UN CONFERENCE IN SMALL ISLAND DEVELOPING STATES (SIDS), SAMOA SEPTEMBER 1-4, 2014
53 September 25, 2014 - LOCAL TEAM MEETING HELD FOLLOWING THE UN CONFERENCE ON SMALL ISLAND DEVELOPING STATES (SIDS), SAMOA SEPTEMBER 1-4, 2014
50 September 18, 2014 - THE NOU TO RECOGNISE INTERNATIONAL DAY 2015 BUDGET PREPARATION MOVING INTO HIGH GEAR
48 September 12, 2014 - THE NOU TO RECOGNISE INTERNATIONAL DAY FOR THE PRESERVATION OF THE OZONE LAYER
47 September 12, 2014 - THE NOU TO RECOGNISE INTERNATIONAL DAY FOR THE PRESERVATION OF THE OZONE LAYER
37 June 30, 2014 - JUNIOR OFFICERS OF CUSTOMS AND EXCISE DIVISION PARTICIPATE IN BASIC TRAINING COURSE
36 June 30, 2014 - JUNIOR OFFICERS OF CUSTOMS AND EXCISE DIVISION PARTICIPATE IN BASIC TRAINING COURSE
24 April 24, 2014 - NOU AND GRENCASE COLLABORATES TO PROVIDE TRAINING IN REFRIGERATION AND AIR-CONDITIONING FUNDAMENTALS
21 April 1, 2014 - GOVERNMENT AND PUBLIC SECTOR UNIONS COMMENCE TALKS ON MEMORANDUM OF UNDERSTANDING FOR HOME-GROWN PROGRAMME OF FISCAL ADJUSTMENT AND REFORMS
20 April 1, 2014 - REGISTRATION OF LICENSED NON-BANK FINANCIAL INSTITUTIONS IN COMPLIANCE WITH FATCA
19 March 27, 2014 - GOVERNMENT AND DIGICEL SIGN AGREEMENT FOR INSTALLATION OF ELECTRONIC TRACKING SYSTEM DEVICES IN ALL GOVERNMENT VEHICLES
15 March 6, 2014 - GRENADA TO HOST ENERGY FOR SUSTAINABLE DEVELOPMENT (ESD) PROJECT INCEPTION MEETING
11 February 26, 2014 - 3RD INSTALLMENT OF RETROACTIVE PAYMENTS TO PUBLIC OFFICERS AND TEACHERS DEFERRED
10 February 25, 2014 - GRENADA CUSTOMS AND EXCISE DIVISION ANNUAL AWARD AND RECOGNITION CEREMONY, 2014
8 February 12, 2014 - COMMITTEE OF SOCIAL PARTNERS MOVING STEADFASTLY TOWARDS THE FINALISATION OF A SOCIAL COMPACT