By Caribbean News Now contributor
CHARLESTOWN, Nevis -- The Nevis Island Administration (NIA) recently announced
that it is free to pursue the development of geothermal energy in Nevis by its own means pursuant to a high court ruling made on January 16.
However, according to West Indies Power (Nevis) Ltd (WIPN), this statement by the NIA is not true.
“The ruling does not cancel [WIPN’s] existing contract with NIA to develop the geothermal resources on Nevis,” the company said in a press statement.
WIPN said it does not agree with the high court ruling and has therefore instructed its legal counsel to file an appeal.
“WIPN is in a position to meet its obligations and has always upheld its side of the contract signed with the NIA. WIPN is ready to proceed with the development of the Nevis geothermal resource that it discovered at a cost of over US$10 million,” the company said.
WIPN claimed that it has not been able to proceed with further development of the project due to obstacles that the NIA has placed in its way.
“WIPN will continue to defend its contractual rights to develop the geothermal resources located on Nevis,” the statement concluded.