Geothermal Funding Approved

It is with great pride and gratitude that we announce that Geothermal Energy is well on its way! On Friday December 9th, 2022, the Caribbean Development Bank (CDB) approved funding for the development of the first set of production wells for the St. Kitts-Nevis Geothermal Project. The funding is in the form of a Contingently Recoverable Grant (CRG). Additional funding has also been acquired to facilitate the payment of the required technical experts needed to support the management of the project. The Request for Proposal to select the Drilling Contractor will be issued next week.

NEVLEC is committed to playing our part in seeing this project to fruition in an effort to make St. Kitts and Nevis a resourceful, sustainable and reliable hub for Renewable Energy.

NEVLEC “Working Towards A Brighter Future”