Montserrat prepares for windfall

Montserrat is moving closer towards an economic windfall it is hoping to gain by exploiting geothermal energy from the active Soufriere Hills volcano.



The British Leeward Island territory has invited expressions of interests from developers, paving the way for their bids to exploit its geothermal resources.



The Ministry of Communications and Works yesterday said the government is eyeing the potential of the superheated earth to replace fossil fuels in meeting the island’s peak electricity demand.



The government said it will seek public funding to drill for the geothermal energy assets, should the expressions of interest fail to meet its requirements.