Jul 27 2010
Qualibou Energy, Inc. has signed an agreement with the St. Lucia Government in order to develop as well as supply power from the island’s geothermal sources.
The CEO and President of Qualibou Stephen Baker said St. Lucia has 30 MW capacity in proven reserves with a surplus 140 MW capacity in probable reserves. In terms of oil, the probable and proven reserves are 60.1 million BOE (barrels of oil equivalent).
St. Lucia is an Eastern Caribbean Island that is part of the Lesser Antilles volcanic arc. The surface manifestation of the island’s geothermal activity is centered on its Sulphur Springs region that includes boiling mud pools, steam fumaroles as well as hot springs. Extensive exploration of this resource has resulted in the drilling of nine wells till date. Qualibou Energy is a rapidly developing renewable energy company that has its focus on greenfield developments.
Source: http://www.qualibou.com