Author: MNI Media | Date: 10 October 2018
The Ministry of Communications, Works, Energy and Labour (MCWEL) is letting the public know that Montserrat has moved one step closer towards realizing its full potential of generating energy through its Geothermal resources.
This is part of the Government’s green agenda as they advance generation of electricity through the use of renewable green sources such as solar and geothermal.
A meeting was held on August 28th 2018 at the Governor’s Office conference room on Montserrat between the Government of Montserrat’s team - Honourable Minister, Mr. Paul Lewis, Permanent Secretary, Mrs Beverley Mendes, Mr. Owen Lewis & PWD team - and members of the DFID - i.e. Moira Marshall, Allan Clarkin & Iftikhar Ahmad - to discuss the finalized Early Market Engagement Report about private sector engagement in Montserrat Geothermal Generating Plant Project.
The Early Market Engagement proposed scope of works included, Design, Engineering, Procurement, Construction and Partial Financing Services for Montserrat's Geothermal 2.5 – 3.5 MW Plant Development.
Coming out of the meeting, there was a common consensus that the Early Market Engagement process was a success. There is a clear indication of interest in Montserrat’s Geothermal prospects based on the number of well qualified Geothermal players that participated in the exercise. It was further recognized that the current wells developed through investments provided by the UK Government has aided the advancement of Montserrat’s quest for Geothermal Energy. DFID is in the process of negotiations with IDC to complete the third well.
As regards funding for the Geothermal Project to date, a final decision on DFID funding contribution has not yet been communicated to Government of Montserrat.
However, it is understood that DFID communicated their willingness to fund the expertise necessary (an entity) to advance the next steps. The proposed entity would be responsible to guide the development of the Montserrat Geothermal Plant Project.
Government of Montserrat and DFID have agreed to form a joint working group to determine how the proposed Montserrat Geothermal Plant Project will proceed.
All parties were in agreement that the main concept behind the drive for the Geothermal project was to establish economic growth for Montserrat. It is therefore paramount that there is an attractive energy tariff rate to create investors interest in the island, and for the local consumers to help improve their standards of living.
Both the Government of Montserrat & DFID team have established action points that were agreed in the meeting. These action points will continue to drive the realization of Geothermal energy.
DFID will explore funding sources for the expertise necessary to advance the next steps for the Geothermal Plant Development. This expertise could take the form of a “Client Engineer” that will aid in the formulation of turnkey service for the project.