📋 Tender Overview
The Caribbean Development Bank (CDB, the Bank) has advanced Grenadas geothermal energy programme into a decisive new phase, launching an expanded drilling campaign at Mount St. Catherine, in the north of the island, to determine the viability of commercial power generation.
said Dr. Isaac Solomon, CDBs Vice-President of Operations.
The expanded project replaces originally planned slim exploration wells with deeper, wider rotary wells using directional drilling technology. This significant upgrade will produce stronger reservoir data and provide a solid foundation for investment decisions and long-term energy planning.
The new phase is backed by a GBP10 million contribution from the UKs Foreign, Commonwealth & Development Office (FCDO) made in 2025. It builds on CDBs earlier approval of USD9.4 million in 2023 for the Grenada Geothermal Drilling Project, with financial support from partners including the Inter-American Development Bank, the Global Environment Facility, the European Union, and the Government of Italy.
Key preparatory work has been completed, including environmental and social impact assessments, land acquisition, and the establishment of a dedicated Project Management Unit. Engineering designs and procurement are also at an advanced stage, with technical support provided by the Government of New Zealand.
Director of Projects at CDB, L. OReilly Lewis said the technical approach at Mount St. Catherine reflects the rigorous standards required to advance geothermal energy from exploration to investment decision.
The project timeline now extends to June 2028 to accommodate the upgraded drilling scope, additional civil works, and strengthened environmental safeguards.
said Prime Minister of Grenada, Hon. Dickon Mitchell.
The project is designed to provide the Government of Grenada with the technical evidence required to determine whether to proceed with the development of a geothermal power plant. Subject to favourable results, the next phase is expected to involve a competitive tender process to attract private sector investment for construction and operation.
CDBs support to Grenada forms part of a broader regional push to expand renewable energy capacity, with similar geothermal initiatives under way in Dominica and Saint Kitts and Nevis.
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