| Financier | Commitments |
|---|---|
| Global Environment Facility (GEF) | 1.17 |
Geothermal Resource Development in Saint Lucia
Development Objective
The development objective of the project is to provide support for GoSL to make an informed
decision regarding geothermal exploration and development in Saint Lucia by undertaking key
upstream preparatory activities. Such support would help the GoSL confirm areas for drilling,
partner with a qualified developer, and design a geothermal exploration/resource confirmation
program for sustainable implementation – all in line with good industry practices and
international standards.
Key Details
Project Details
P149959
Closed
Megan Meyer
Ministry of Finance, Economic Growth, Job Creation, External Affairs and the Public Service
December 3, 2014
(as of board presentation)
December 3, 2014
December 22, 2014
US$ 1.17 million
Ministry of Infrastructure, Ports, and Energy,Ministry of Education, Innovation, Gender Relations and Sustainable Development
2015
US$ 1.17 million
N/A
Not Applicable
January 25, 2019
BANK APPROVED
August 30, 2024
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | N/A |
| Lending Instrument | |
|---|---|
| Grant Amount | 1.17 |
| Total Project Cost** | 1.17 |
Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025
No data available.
Detailed Financial Activity as of July 31, 2025
No data available.
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Procurement | Moderately Unsatisfactory | 2018-10-21 |
| Monitoring and Evaluation | Satisfactory | 2018-10-21 |
| Overall Implementation Progress (IP) | Moderately Satisfactory | 2018-10-21 |
| Progress towards achievement of PDO | Moderately Satisfactory | 2018-10-21 |
| Project Management | Moderately Satisfactory | 2018-10-21 |
| Financial Management | Moderately Satisfactory | 2018-10-21 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Agreement reached with a qualified developer as a partner to carry out exploration drilling, informing the developmental finance for the program Value 0 equitable grant agreements with a qualified deve Discussion with developer(s) have been ongoing - e 1 agreement reached with a qualified developer Date October 16, 2014 September 26, 2018 June 30, 2022 Comment Pre-Feasibility assessment technically confirming three to four areas as being sound for exploration drilling for geothermal resources, informing the government strategy for advancement Value There is no previous assessment on these areas 1 assessment confirming up to three areas as being 1 assessment confirming up to three areas as being Date October 16, 2014 September 26, 2018 January 25, 2019 Comment Funding for implementing an exploration drilling program is confirmed Value No funding currently allocated for exploration dri Financing package ofUS$22.5 million identified; 17 $20-30 US million Date October 16, 2014 September 26, 2018 January 25, 2019 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Planned Outputs Value No studies conducted for project Completed surface reconnaissance studies ( Geo Map Key technical studies (such as Geo Mapping, LiDAR Date October 16, 2014 September 26, 2018 January 25, 2019 Comment Planned Outputs Value No support for project Communications support contracted and underway. Le Legal and transaction advisory services, Communica Date October 16, 2014 September 26, 2018 January 25, 2019 Comment