Caribbean Geothermal Assessment Gets Backing from Development Bank

Caribbean Geothermal Assessment Gets Backing from Development Bank

geothermal

The Board of Directors of the Caribbean Development Bank (CDB) has approved the use of USD325,500 by CDB for the benefit of the Government of St. Kitts and Nevis to identify environmental and social impacts in the design of a geothermal energy (GE) exploratory test-drilling project.

Editor’s Take:

St. Kitts-Nevis in the Caribbean reportedly saw little structural damage from Hurricanes Maria and Irma, but like other Caribbean islands, they could be hit in the future, and their power infrastructure is at risk.

The islands rely on imported fuel for electricity generation, but the St. Kitts-Nevis government is working to access the region’s geothermal resources to make electricity. The latest funding for a geothermal environmental and social impact assessment is a significant step in what has been a long development process for geothermal in the region.

Nevis Electric Co. and the Nevis Island Administration in late 2015 secured a power purchase agreement for a geothermal project on the island of Nevis. The developer of the project said in mid-September that it planned to begin drilling activities this month for a test well.
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The company expects to start development of a production well early next year.

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Lead image: Geothermal site preparation began in August for drilling. Credit: Nevis Geothermal

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