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Table 10.1: Overview of the Electricity Systems in the Eastern Caribbean Countries 76 Table 10.2: Market Structure of the Electricity Sector in the Eastern Caribbean 76 Table 10.3: Status of Geothermal Development in the Eastern Caribbean Countries 80 Table 11.1: Allocation of Risks for the Proposed PPP Structure 92 Table 11.2: Financial Results of Geothermal Project 97 Table 12.1: Allocation of Risks for the Proposed PPP Structure 110 Table 12.2: Allocation of Risks for the Proposed PPP Structure 114 Table 12.3: Financial Results of Geothermal Project (Phase 1) 118 Table 12.4: Financial Results of Geothermal Project (Phase 2) 120 Table 13.1: Risks and Mitigation Measures for the Project 135 Table 13.2: Financial Results of Geothermal Project 140 Table 14.1: Risks and Mitigation Measures for the Project 158 Table 14.2: Risks and Mitigation Measures for the Project 160 Table 14.3: Financial Results of Geothermal Project 166 Table 14.4: Financial Results of Geothermal Project 170 Table 15.1: Allocation of Risks for the Proposed PPP Structure 183 Table 15.2: Financial Results of Geothermal Project 188 Table A.1: Assumptions for Cost-Benefit Analysis 191 Table A.2: Assumptions for Financial Analysis 193 Figures Figure 2.1: Units 1 and 2 at Miravalles Geothermal Field 17 Figure 2.2: Unit 1 at Las Pailas Geothermal Field 18 Figure 3.1: San Jacinto–Tizate Geothermal Plant 25 Figure 4.1: Ahuachapán Geothermal Units 31 Figure 4.2: Berlin Geothermal Units 31 Figure 5.1: Structure of the Featherstone Plant in California 35 Figure 6.1: Structure of the Reykjanes Power Station 40 Figure 7.1: Structure of the Olkaria III Power Station 44 Figure 7.2: Proposed Structure of the Geothermal Development in the Menengai Field 46 Figure 8.1: Structure of the Bouillante I Geothermal Project 51 Figure 8.2: Structure of the Bouillante I Geothermal Project 52 Figure 9.1: Recommended Project Structure for Geothermal Projects 57 Figure 9.2: Net Economic Benefits of the Geothermal Projects in the Five Eastern Caribbean Countries 65 Figure 9.3: Levelized Cost for Generation Technology (US$/kWh) 69 Figure 11.1: Electricity Demand by Sector (2004–2013) 82 Figure 11.2: Key Entities in Saint Vincent and the Grenadines’ Electricity Sector 84 Figure 11.3: Planned Structure of the Geothermal Project 87 Figure 11.4: Status of Planned Geothermal Project 88 Figure 11.5: Recommended PPP Structure for Saint Vincent and the Grenadines 91 Figure 11.6: Present Value of Net Economic Benefits of the Saint Vincent and the Grenadines’ Geothermal Project 96 Figure 11.7: Cash Flows for the Saint Vincent Geothermal Project 97 Figure 11.8: Financing Cash Flows 98 Figure 11.9: Cash Flows to the Equity Investors 98 Figure 12.1: Electricity Demand by Sector and Peak Demand (2004–2014) 100 Figure 12.2: Institutional Structure of the Electricity Sector 103PDF Image | Unlocking Geothermal Power Eastern Caribbean Powerhouse
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