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NIA says geothermal work should begin early next year, CDB to finance project

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by Eulana Weekes

St. Kitts and Nevis (WINN): The Nevis Island Administration (NIA) is investing in the islands’ conversion from fossil fuel dependency.

During a press conference on Tuesday, August 30, Premier of Nevis, the Hon. Mark Brantley said the local government is making significant strides towards the production of geothermal energy on the island.

“I can report that we are very close to closing the financing gap that we had been suffering from for all these years. Financing for the project is to be provided by the Caribbean Development Bank and that include something called a Contingently Recoverable Grant for the drilling of the production and the injection wells.We are hopeful that the drilling contractor for the production and injection wells will be selected this year by December 2022, which means that we should be able to begin actual work early in the new year.”

Premier Brantley, who is responsible for Energy in the NIA, said from a meeting with geothermal company ‘Geothermix’, officials said that Nevis provides ideal resources for geothermal energy.

“Just last week, we had to consultants here from provided courtesy of the Inter-american Development Bank and the CDB (Caribbean Development Bank) came to look at the wells we have done; the geothermal wells in Hamilton and we had a very good meeting with a company called Geothermix. I was pleased when they said in their opinion the island of Nevis has one of the best geothermal resources in the entire world.”

For the past year, the people of Nevis have seen increases in their monthly electricity bills. The Premier said that the implementation of geothermal energy will be more economically feasible, as geothermal energy is cheaper than burning diesel or fossil fuel to generate electricity for Nevis and also St. Kitts.

The Premier of Nevis has met with the Prime Minister of St. Kitts and Nevis the Hon. Dr. Terrance Drew and Minister of Environment and Climate Action the Hon. Dr. Joyelle Clarke on a nationwide collaborative effort to ensure the transition to renewable energy in the Federation.

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