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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.

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.”
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