News, News-buzz

New Zealand, CDB To Partner In Geothermal Development

THE Government of New Zealand and the Caribbean Development Bank (CDB) have formally confirmed their ongoing partnership in support of geothermal energy development in the Eastern Caribbean.

New Zealand High Commissioner, Mrs Jan Henderson met with President of CDB, Dr William Warren Smith on Monday, to discuss progress on the implementation of the CDB GeoSMART Initiative, which has been receiving technical support from the Government of New Zealand.

“New Zealand recognises renewable energy as a key enabler of sustainable economic development and a high priority for Small Island Developing States, and works with partners in the Caribbean to expand access to affordable, reliable, and renewable energy,” said Mrs. Henderson.

“CDB welcomes the support and partnership of the Government of New Zealand, as we work towards transforming the energy sector in the Caribbean. The CDB GeoSMART Initiative taps the significant potential of geothermal energy to substantially accelerate progress in the shift to affordable and clean energy throughout the Eastern Caribbean,” added Dr. Smith.

St. Lucia is one of several Eastern Caribbean countries currently pursuing geothermal exploration..

Leave a Reply

Your email address will not be published. Required fields are marked *