President of Teranov, Jacques Chouraki, says the prospects for geothermal energy on St. Kitts are promising. “The initial results look pretty good but, of course, it’s too early to say what will be valuable…It’s a long process. We have decided to invest a lot of manpower in this project in order to speed up the process so that as quickly as possible the St. Kitts population will be able to know exactly if there are geothermal resources available or not,” Chouraki said.
In September of this year, Minister of Public Infrastructure, Posts, Urban Development and Transport Ian “Patches” Liburd signed a Memorandum of Understanding (MOU) with Teranov, which includes a road map that can possibly see the production of geothermal energy in 2020.
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