Negotiations continue between the NIA and NREI for affordable geothermal energy for Nevis

Negotiations continue between the NIA and NREI for affordable geothermal energy for Nevis

The Nevis Island Administration (NIA) has been undergoing negotiations with Nevis Renewable Energy Incorporated (NREI) for better energy rates for the Nevisian public, once the Geothermal Plant is in full operation.   

 

According to cleanpowernevis.com, the NREI is a subsidiary of Thermal Energy Partners (TEP), LLC, a geothermal energy development firm based in Austin, Texas.  

 

TEP develops geothermal energy projects in the Caribbean and throughout the world, applying an integrated data analysis approach that has revolutionized the geothermal industry.  

 

Premier of Nevis and Minister responsible for Public Utilities and Energy and Foreign Investment, the Hon. Mark Brantley provided this update regarding what the government has done through the negotiations: 

 

 

Mr. Brantley added this information:

 

Premier of Nevis, the Hon. Mark Brantley. 

 

The Nevis Geothermal Project is a 10 MW geothermal plant that will enable the island to transition away from the use of fossil fuels and be 100 percent reliant on zero emissions renewable energy for power supply.  

 

The Nevis Island Administration is a partner and co-developer of the project with NREI.