Bids for the Geothermal Project to open on May 5th

Post Credit: VON Radio

 

That was Prime Minister, Dr. Terrance Drew. He was speaking at a pre-Labour Day Meeting on Sunday April 27th, in St. Paul’s, St. Kitts.

 

The federation has secured at least US $37 million in funding for the drilling phase: US$17 million from the Caribbean Development Bank (CDB) and US$20 million from Saudi Fund for Development of the Kingdom of Saudi Arabia.

 

In March, the International Renewable Energy Agency-IRENA and an Icelandic delegation expressed strong support for the local geothermal project and committed to providing assistance, guidance, and training for local officials in geothermal-related fields.

 

It is the Federal Government and Nevis Island Administration (NIA’s) view, that by harnessing geothermal energy, it will transform the energy sector in SKN.