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Using the island’s indigenous geothermal power would decrease the country’s reliance on imported fuel and increasetheoutputofsalablegoods,therebyimprovingthe country’s balance of payments and decreasing its national deficit. Government / Legislation Ministry of Communications and Works The Ministry of Communications and Works is responsible for the country’s energyincludinggeothermal. The Ministry, in consultation with Central Planning, the Prime Minister, and the Cabinet,canissueconcessionsfor energy-related projects deemed beneficial to the national interest. Drilling permits come from this Ministry and may be includedintheConcessionAgreement. Ifnotincludedin the agreement, they could take 3-6 months to be issued. St. Vincent Electricity Services, Ltd. (VINLEC) VINLECisaquasi-stateutilitycompany. Assuming VINLEC remains unprivatized, a private geothermal developer would have to execute a power sales agreement with VINLEC as a precondition to the acquisition of a loan. Inthiscase,therewouldhavetobeassurancesthat VINLEC could and would be able to pay for power received. No legislative changes are necessary for the development of private power (Lawrence, 1998). No Specific Laws for Electricity or Geothermal St. Vincent and the Grenadines do not have laws regulating the use of geothermal resources or the electric sector. The GOSV supports the concept of private development of its indigenous geothermal resources. Therearenoinsurmountablelegal, regulatory, or institutional barriers to the development of St. Vincent’s geothermal resources once their economical production is confirmed (Huttrer, 1995). The Central Water and Sewerage Authority (CWSA) The CWSA controls all aspects of water-related matters on St.Vincent. Geothermal Sites / Projects Geothermal Resources in Latin America & the Caribbean 118PDF Image | Geothermal Resources in the Caribbean and Latin America
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