The Nevis Island Administration (NIA) is currently awaiting a response from the Caribbean Development Bank (CDB) regarding the evaluation of bids for the drilling of production wells in the Nevis geothermal project. Premier Mark Brantley, Minister of Finance and Energy, provided an update during his September 30 press conference, explaining that five companies have submitted proposals for the project’s next phase. The evaluation process involves two stages: a technical review, which has already been completed, and a financial review, which is pending the CDB’s ‘No Objection’ approval. Premier Brantley emphasized the importance of this step to ensure transparency and fairness, despite the delays it may cause. The project aims to establish a 30-megawatt geothermal plant in Nevis, which will not only meet the island’s baseline power needs but also enable energy transmission to St. Kitts via undersea cables. Premier Brantley addressed concerns about resource ownership, clarifying that the geothermal resources remain under Nevis’s control and that collaboration with the Federal Government is aimed at benefiting the entire Federation. The project has garnered significant international funding, including $20 million from the Saudi Fund for Development and $17 million from the CDB, with the goal of reducing fossil fuel dependency and enhancing energy security in the region.
Premier Brantley Updates on Nevis Geothermal Project as NIA Awaits CDB Review of Bids
