Government of Dominica signs agreement for development of geothermal power plant

The Government of Dominica and the Dominica Electricity Services (DOMLEC) have signed an agreement with Ormat Technologies Inc., a US company and its subsidiaries for the development of a 10 MW geothermal power plant in Laudat.

The agreement was signed on Tuesday, December 5, 2023, on the margins of COP 28 in Dubai, United Arab Emirates. Under the agreement, Ormat Technologies Inc. will finance the construction of the plant, operate and maintain the power plant and geothermal wells for a period of 25 years while the Government of Dominica will maintain ownership of the wells, lands and other assets that it has invested in. At the end of the contracted period, the power plant and other assets acquired during the life of the agreement will be transferred to the Government of Dominica.

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