Westernfield Holdings Inc. has been awarded a contract totaling $152 million in relations to a geothermal power plant in Dominica.
The island of Dominica plans to construct up to four geothermal power plants that can produce 30 megawatts of energy each. Dominica would then sell power to the nearby French Caribbean islands of Guadeloupe and Martinique via submarine cables. The government will provide land and tax breaks to the investors of the first plant, which is planned to become operational by 2013.
Westernfield Holdings Inc. has vested interest in clean energy projects around the world with hopes of helping reduce global warming and reaching the obtainable goal of reducing the global temperature.
Dominica also plans to export bottled water to Asia and sell electricity to its neighbors to boost the island's economy, by investing in its natural resources, according to its prime minister. A group of private businessmen from Hong Kong has decided to pursue a water-bottling project after a two-year study, which found that Dominica has underground sources that produce more than 20 million gallons (76 million liters) of water a day. Westernfield Holdings is also a minor stakeholder in the water-bottling project as a result of its previous engagement in other geothermal projects in Dominica.
