Business View Caribbean - Jan 2024

8 BUSINESS VIEW CARIBBEAN VOLUME 11, ISSUE 1 These underscore the urgent need for sustainable and resilient infrastructure, especially in the critical area of energy generation. It notes Dominica’s electricity sector is currently challenged by outdated infrastructure, largely dependent on aging diesel generators which result in high electricity expenses and an unreliable power supply, hampering the country’s competitiveness. In response to these challenges, geothermal energy has been identified by the Government of Dominica as a transformative solution to propel the country toward a green and resilient economy, particularly as it possesses geothermal resources far exceeding its current domestic needs. The World Bank’s ongoing Dominica Geothermal Risk Mitigation Project is supporting the development of the first geothermal power plant through drilling of new geothermal wells, critical for plant viability and increasing its capacity. The project will also oversee technical studies. “Dominica is making significant strides in geothermal energy, with innovative investments to deliver clean, low-cost electricity to its citizens and thereafter, the Eastern Caribbean. With support from the World Bank and the Government of Canada, we are building a resilient network for geothermal energy transmission. This network is critical for the commissioning of a 10 MW geothermal power plant by Ormat Technologies Inc. Geothermal energy can transform the nation’s energy sector and the