Dominica signs Framework agreement with Kenesjay Green Limited

A Framework Agreement was signed virtually between the Government of Dominica, Kenesjay Green Limited, and Dominica Geothermal Development Company

Dominica signs Framework agreement with Kenesjay Green Limited
Dominica signs Framework agreement with Kenesjay Green Limited

A Framework Agreement was signed virtually between the Government of Dominica, Kenesjay Green Limited, and Dominica Geothermal Development Company on Wednesday.

The meeting that was held at H2 Caribbean in Miami was also joined virtually by Dr Irving McIntyre – Minister of Finance, Attorney General Levi A. Peter, Fred John CEO of Dominica Geothermal Development Company and Michael Savarin GC of National Focal Point for Dominica.

The Government of Dominica added that they are committed to economic diversification and inclusive growth by leveraging the country’s national resources in sustainable ways. Dr Irving McIntyre said that signing the Framework Agreement is a momentous occasion for the people and Government of the Commonwealth of Dominica.

“This agreement is one of the primary pillars of our green industrial development programme and our transition to a low carbon economy. We are confident that this transformation will advance the economic and national well-being while contributing to the national goal of making Dominica the first climate resilience nation in the world,” said Irving McIntyre – Dominica’s Minister for Finance, Economic Development, Climate Resilience and Social Security,

He said Dominica has one of the largest geothermal resources in the Caribbean region, and the country has the potential to develop a globally competitive Green Hydrogen Industry.

“This new phase in our geothermal development is building upon the experiences gained from Dominica’s Geothermal Development Company while its work in the development of Roseau Valley Geothermal Field Resource,” added Minister McIntyre.

Furthermore, he expressed gratitude to Kenesjay Green Limited and Trinidad and Tobago for collaborating with Dominica. He said the collective enterprise would allow for the process of this infrastructure to the utilization of a stock of Green Energy Commodities.

“We do anticipate challenges during this journey, but we are confident that with the collaboration of many partners gathered here, we can achieve success,” said Dr Irving McIntyre.

Philip Julien – The Chairman of Kenesjay Green Limited, said they are proud to partner with the Government of Dominica. He also said that the country has incredible decisiveness and boldness.

“When they first approached us a year and a half ago, they had one question, what if Dominica could undertake a parallel path as Trinidad and Tobago had started around the same time through the Newgen Hydrogen Project to explore Green Hydrogen Projects,”.

Julien added that after Dominica asked them the questions, they did a country assessment, and the results were significant. He said their discoveries found that the country has a remarkable renewable energy potential.

“For the first time in the Caribbean region, there is a very real potential for surplus green energy in a country such as Dominica. It can be considered as a potential supply for existing green energy demands,” said Philip Julien.

Kenesjay Green is a private sector company committed to the Caribbean in developing a pipeline of green decarbonizing projects for the region.