The project is being supported by several international organizations. The Caribbean Development Bank (CDB) is the lead financier, and is also coordinating funding from the international development community in the form of grants, contingent recoverable grants (CRG) and concessional loans.
The Inter- American Development Bank, using resources from the Clean Technology Fund and the Global Environmental Facility has provided a CRG to mitigate risks associated with the drilling phase of the Project.
The United Kingdom Department for International Development and the European Union Caribbean Investment Facility are also lead contributors to the project.
Other major sponsors include ADFD via IRENA, and the Governments of New Zealand, Japan and the United Arab Emirates. The project has also received assistance from international bodies such as CCI, RMI and Carbon War Room.
The owners’ engineering services are being provided by the engineering service company Mannvit. Supervision and engineering for the drilling will be provided by Jacobs.
geothermal energy Geothermal Project - St.Vincent and The Grenadines | |
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