U.S. bank shows interest in funding St. Lucia project

In Nevada, Qualibou Energy, Inc. says it received a Letter of Interest from a major U.S. bank on the debt portion of the $60 million geothermal power project on St. Lucia. Closing on the debt, which is $45 or 75% of the financing needed, is expected in the third quarter of 2010. Company CEO Stephen Baker expects drilling to begin shortly after the entire financing is arranged.