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Geothermal energy . . . is heat energy from the Earth is renewable is clean, and reliable has existed form of hot springs ENERGY UNIT Ministry of national security, air and sea port development for thousands of years. Energy Unit Ministry of National Security, Air and Sea Port Development FUN FACT: In some parts of Iceland, hot water from geothermal power plants flow under pavements and roads to help melt ice. Cnr. Higginson & Lower Middle Street Kingstown Phone: 784-456-1111 ext 369 E-mail: [email protected] Geothermal Energy Geothermal Energy Derived from the Greek word “ GEO ” meaning earth and Geothermal Exploration in St. Vincent “ THERMAL ” meaning heat. The Government of St. Vincent (GoSVG) has Geothermal energy refers to heat energy obtained from engaged experienced partners in Emera Carib- hot rocks present inside the Earth. During the formation bean (Emera) and Reykjavik Geothermal of the Earth, heavy (RG) to undertake the project. elements like iron to sunk to the core while lighter elements such as uranium and potassium rose to the surface Conditions necessary for a viable geothermal resource of the earth. The include: water, permeability, and heat. These three nucleus these components create a geothermal reservoir. Geothermal radioactive materials is very unstable and therefore give power plants convert the hot water trapped in the reser- off radioactive particles which bombard one another pro- voir into steam which drives the turbines inside the plant ducing immense heat. The Crust or outermost surface of to generate electricity. of the Earth is broken up into several pieces called plates. Magma comes up through the Crust near the edges of these plates resulting in volcanoes. These areas of volcanic activity allows heat energy from the earth to be harnessed and con- verted into electricity Geothermal Energy can … Reduce and stabilize electricity prices in St. Vincent Provide a reliable supply of electricity for VINLEC customers Increase St. Vincent’s national energy security Reduce foreign exchange outflows Reduce greenhouse gas emissions and protect the natural environment Be built and operated in a safe manner Provide investors with a fair and reasonable return on their investment for powering our daily activities. Geothermal Energy is a RENEWABLE form of ENERGY. The Clinton Foundation is providing policy and strategy support The project is estimated to cost approximately US$76 million ($80 M including finance costs) The GoSVG has obtained a US$15 Million concessional loan from the Abu Dhabi Fund. Additional concessional loans and grants are being sought .