Geothermal energy project.

Dominica has concluded negotiations for a Transnational Partnership Agreement with the Regional Councils of Guadeloupe and Martinique and other French development agencies, for the "Geothermal Energy in the Caribbean Islands" project, reports Caribbean Net News (April 11, 2008). The project is funded

under the INTERREG IIIB program of the European Union's Caribbean Space Initiative. Tasks include geological, geochemical, and geophysical analyses of the Roseau Valley and the Wotten Waven areas. Total cost: about 1.5 million euros. Dominica is believed to have excellent reserves of geothermal energy, sufficient to supply all its electricity needs for a long time to come, and to supply the export markets of Guadeloupe and Martinique.