Brussels, 04 December 2013 --- The presentation of the Premier of Montserrat Mr. Reuben T MEADE’s highlighted the potential of geothermal sources for the island at the 12th Overseas Countries and Territories (OCTs) Ministerial Conference.
By harnessing geothermal energy, Montserrat will be able to produce 2MW of electricity. Consumers stand to gain as the cost of electricity will drop by 30%. The geothermal energy is expected to replace the use of fossil fuel by up to 90%. The geothermal project is almost ready to be launched.
Montserrat also intends to develop its health tourism sector around what was initially a devastating event for the island. Spas, wellness centres will be promoted using, inter alia, volcanic ash as part of prescribed treatments. Montserrat is already exporting volcanic sand to neighboring countries.
In separate exchanges between OCTA’s incoming Chair Premier Orlando SMITH of BVI and Ms. Josette Borel-Lincertin, the recently elected President of the Outermost Regions from Guadeloupe, the experience of the later in the area of geothermal energy was underlined. Closer collaboration between OCTA, the association of OCTs, and the Outermost Regions would enable valuable exchange of experience in this and other areas of mutual interest for Caribbean islands.