Company News
Geothermal Test Well Drilling Commences w Ribbon Cutting Ceremony
FOR IMMEDIATE RELEASE
22 November 2017
Nevis commences it's Geothermal Development with Geothermal confirmation "Test-Well" drilling, during today's ribbon-cutting ceremony. To begin drilling operations, Deputy Premier, Mark Brantley and President of NREI/TEP, Daniel Pfeffer were both onsite to kick-off test well operations. This well is to confirm geothermal reservoir properties including flow rate, temperature and sustainability.
Other officials who attended were Dr. Ernie Stapleton, Permanent Secretary, Ministry of Communications along with Mr. Jervan Swanston, Acting General Manager of the Nevis Electricity Company Limited (NEVLEC), Mackie Tross, NREI's Nevis Representative, Spencer Brand, Nevis Businessman and Bruce Cutright, CEO of NREI/TEP.
It is estimated that Nevis has up to 300 megawatts of geothermal power and some estimates calculate as many as 650 megawatts. As Nevis becomes energy self sufficient, its renewable resources could benefit nearby island nations through the construction of a submarine cable. After recent Hurricanes Irma and Maria damaged parts of the Caribbean, it is the goal of the eastern Caribbean nations to implement more resilient renewable energy and geothermal can provide 24/7 power to support these efforts.
With an established a goal to eliminate CO2 emissions from power generation, Nevis is committed to leverage its proven geothermal resources and become the greenest island on the planet. Nevis will be the first Caribbean island to utilize Binary Organic Rankine Cycle (ORC) geothermal power generation that utilizes a closed-loop system with zero carbon emissions.
For Further Information:
Nevis Island Administration / NEVLEC
Media Relations
T (569)-662-4989
Mr. Mackie Tross, Chairman of BOD for NEVLEC Utility
Thermal Energy Partners
Media Relations
Bruce Cutright
T (904)233-3335
RENEWABLE ENERGY WORLD - THERMAL ENERGY PARTNERS SECURES PPA FOR FIRST OF FOUR CARIBBEAN PROJECTS
December 1 2015 – Austin, Texas-based Thermal Energy Partners (TEP) recently signed a power purchase agreement (PPA) worth approximately $800 million for the first of four planned geothermal projects in the Caribbean. Acting through subsidiary Nevis Renewable Energy International, TEP and the Nevis Electric Company, in conjunction with the Nevis Island Administration, signed a long-term agreement for 25 years of energy supply connected to a geothermal project on the island of Nevis.
THINK GEOENERGY NEWS - NEVIS PROJECT PROCEEDING WITH PLANNED 9MW, TO BE ONLINE BY LATE 2017
November 25th 2015 - In a release today, the Nevis Island Administration (“NIA”), the Nevis Electric Company Limited (“NEVLEC”) and Nevis Renewable Energy International Inc. (“NREI”) announced the signing of a long-term power purchase agreement.
U.S. DEPT OF STATE STATE DEPT APPLAUDS MODEL GEOTHERMAL POWER PURCHASE AGREEMENT SIGNED IN NEVIS
Washington, DC - November 25th 2015 – The Department of State applauds the November 20 signing of the power purchase agreement (PPA) between the consortium, Nevis Renewable Energy International (NREI), and the Nevis Electricity Company in St. Kitts and Nevis to develop geothermal resources. This project not only has the potential to provide sustainable renewable power to the entire country, but also may lead to the first inter-island electrical interconnection in the Caribbean.
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