The Caribbean Development Bank (CDB) approved funding for the development of the first set of production wells for the St. Kitts-Nevis Geothermal Project.
This was made on Friday December 9th. 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 just under $18 million dollar project. The Request for Proposal to select the Drilling Contractor will be issued next week.