PRESS RELEASE
Roseau, Dominica-December 5, 2023
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, and operate and maintain the power plant and geothermal wells for 25 years.
signed on behalf of Ormat Technologies Inc.
Trade and Energy
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.
This development represents a major milestone for Dominica as the Government seeks to
stabilize and reduce the domestic electricity tariff, decarbonize electricity generation, and
the responsible use of Dominica’s rich geothermal resources. The electricity generated
will be sold to DOMLEC and will help reduce Dominica’s dependence on fossil fuels. The
power plant is expected to be commissioned by the end of 2025, with further capacity
expansion planned for the near future.
“Building a Resilient Public Service: A Collective Response”
In partnering with Ormat Technologies Inc., Dominica has chosen a leading geothermal
company with over 50 years of experience in the industry and one that possesses an added
advantage of manufacturing much of its own equipment.
The company currently owns or has installed approximately 3,200 MW of gross capacity
globally, and operates the geothermal power plant in the neighboring island of
Guadeloupe.
The Honourable Vince Henderson, Minister for Foreign Affairs, International Business,
Trade and Energy signed on behalf of the Government of Dominica,
Ambassador Francine Baron, Director, Board of Directors of DOMLEC, signed on behalf
of the power company and Paul Thomsen, Vice President of Business Development,
signed on behalf of Ormat Technologies Inc. and its subsidiary company.
To Provide Nate Media with News Tips and releases or Book an event for coverage, contact Nate Media at [internationalprmasters@gmail.com]
