The European Investment Bank will provide $1.4 million to study the feasibility of a proposal to export geothermal-generated electricity from Dominica to Martinique and Guadeloupe.
The study will explore the possibility of laying submarine cables between the islands, in addition to assessing the project’s environmental impact, according to a press release from the bank. Guadeloupe and Martinique are eligible for the bank’s grant in part because they are overseas regions of France.
“The European Investment Bank is pleased to contribute to overcoming specific technical and engineering challenges essential to lowering the energy costs in Dominica and to significantly increase electricity generation from renewable energy sources in the East Caribbean,” the release stated.
See the Feb. 9, 2012 edition for full coverage.