Agreement for green hydrogen geothermal project signed in Dominica
A Framework Agreement has been signed for a green hydrogen geothermal project in Dominica, which will be a cornerstone of a planned Eco-Industrial Park.
The Government of the Commonwealth of Dominica has signed a Framework Agreement to initiate the first large-scale green hydrogen geothermal project in the Caribbean. Party to the agreement is the Dominica Geothermal Development Company (DGDC) and the Kenesjay Green Dominica Limited (KGDL).
The Framework Agreement was formally announced during the Hydrogen Summit held on 26 April 2023 as part of the 15th Caribbean Renewable Energy Forum in Miami, Florida.
The agreement represents an initial step to harness the significant geothermal resources of Dominica to generate both green hydrogen and green energy both for export and local consumption. It defines a roadmap for a Joint Venture Company to be established in the coming months to raise the capital for the project. The proposed Geothermal and Green Hydrogen Complex will serve as the cornerstone of a planned Green Eco-Industrial Park in Dominica, which is one of the strategic objectives of the Government.
The DGDC is a state-owned special purpose vehicle to spearhead geothermal development in Dominica. DGDC is currently developing a geothermal power project in the village of Laudat in Roseau Valley. We had recently reported that flow testing of the second production well for the project has begun, as well as the drilling of the first reinjection well. Construction of the geothermal power plant is planned to start within the year.
KGDL, a subsidiary of Kenesjay Green Limited, is a project development company focused on the development of industrial-scale decarbonization projects for the Caribbean. Kenesjay Green is currently developing a USD 250-million NewGen Hydrogen Project to be located in Trinidad and Tobago.
The Joint Venture between DGDC and KGDL will serve to de-risk the project by the sharing of technical resources and capabilities. This also involves collaboration in engineering, marketability, the conduct of feasibility studies, and progressing of the Environment and Social Impact Assessment (ESIA).
Source: Dominica News Online