The Dominica authorities is about to desk an important proposal in parliament this Friday, searching for approval for funding the development of a state-of-the-art geothermal power plant.
Empowering Finance Minister to safe funding
The proposed transfer will authorize the Finance Minister, Dr. Irving McIntyre, to take a decisive step in acquiring a considerable financial institution assure from the Nationwide Financial institution of Dominica, amounting to EC$13.5 million.
Honoring commitments from the venture financing settlement
The Roosevelt Skerrit-led administration has emphasised that these funds are important to satisfy the commitments outlined within the venture financing settlement signed just lately.
This landmark settlement was formally inked earlier this month on the sidelines of the United Nations Local weather Change Convention held in Dubai.
