Caribbean News Now!

About Us Contact Us

Countries/Territories

Jump to your country or territory of interest

Advertise with us

Reach our daily visitors from around the Caribbean and throughout the world. Click here for rates and placements.

Contribute

Submit news and opinion for publication

Subscribe

Click here to receive our daily regional news headlines by email.

Archives

Click here to browse our extensive archives going back to 2004

Also, for the convenience of our readers and the online community generally, we have reproduced the complete Caribbean Net News archives from 2004 to 2010 here.

Climate Change Watch

The Caribbean is especially vulnerable to rising sea levels brought about by global warming. Read the latest news and information here...

Follow Caribbean News Now on Twitter
Connect with Caribbean News Now on Linkedin



News from the Caribbean:


Back To Today's News

Nevis signs new geothermal concession agreement
Published on September 5, 2014 Email To Friend    Print Version

CHARLESTOWN, Nevis (NIA) -- The Nevis Island Administration (NIA) and Nevis Renewable Energy International, Inc. (NREI) have successfully completed and signed a concession agreement described as an important and critical step forward for the development of geothermal power for the island of Nevis.

news.jpg
This agreement initiates the phased process of financing, geologic testing, drilling, design and construction of a geothermal power generating station that will provide lower cost, renewable electrical energy for businesses, citizens and residents of Nevis.

Deputy Premier Mark Brantley, as a special representative of the NIA Cabinet, and Thomas Drolet, president and CEO of NREI, have worked collaboratively with their respective staffs to ensure that lower cost, renewable, sustainable electrical power can be provided to Nevis.

The NIA/NREI joint effort has included support from the US State Department’s Bureau of Energy Resources from Deloitte Consulting LLP and from the technical leadership team at the USA publically listed Tetra Tech Inc., headed by John Borgersen. This collaborative effort will facilitate the building and operation of a geothermal facility that will serve to enable a transition to a more affordable, renewable and sustainable energy source on Nevis Island and be a gateway project for the Caribbean.

The Nevis geothermal facility is expected to provide all the Nevis Electrical Company Ltd (NEVLEC) dependable capacity and electrical energy that the facility is capable of producing, up to and including 10 MW.

The next immediate agreement priority is to finalise a power purchase agreement (PPA) between NEVLEC and NREI.

The NIA said it is committed to bringing affordable and renewable energy to Nevis.

“This is a significant milestone on the path to greener living,” Brantley stated. “The use of renewable energy will result in a reduction of emissions of pollutants and greenhouse gases and a reduction in energy costs to our citizens; thus advancing Nevis’ commitments to its citizens and residents and promoting Nevis’ stated goal of becoming the greenest place on planet Earth.”

“NREI is pleased to be part of this important project and fully supports the goals and objectives of the NIA,” Drolet said. “We look forward to enhancing the quality of life for the residents of Nevis and we are delighted that the project will further enhance the potential for economic development, growth and much greater investment in Nevis.”
 
Reads: 1887





Click here to receive daily news headlines from Caribbean News Now!



Back...

Comments:

No comments on this topic yet. Be the first one to submit a comment.

Back...

Send us your comments!  

Send us your comments on this article. All fields are required.

For your contribution to reach us, you must (a) provide a valid e-mail address and (b) click on the validation link that will be sent to the e-mail address you provide.  If the address is not valid or you don't click on the validation link, we will never see it!

Your Name:

Your Email:

(Validation required)

Comments:
Enter Code



Please note that, if you are using an AT&T domain email address, e.g. att.net, bellsouth.net, sbcglobal.net, the verification email will likely not be delivered. This is outside of our control and the only remedy seems to be for readers to complain to AT&T





Disclaimer
User comments posted on this website are the sole views and opinions of the comment author and are not representative of Caribbean News Now or its staff. Caribbean News Now accepts no liability and will not be held accountable for user comments.
Caribbean News Now reserves the right to remove, edit or censor any comments. Any content that is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will not be approved.
Before posting, please refer to our Terms of Use and Privacy Policy.



Other Headlines:



Regional Sports: