St. Kitts and Nevis: 25 Year Power Purchase Agreement Signed for 9 MW Geothermal Energy on Nevis

US applauds ‘model’ geothermal power purchase agreement signed in Nevis (St Kitts Nevis Observer)

The geothermal plant should be operational by December 2017.

Thermal Energy Partners, LLC, acting through its subsidiary Nevis Renewable Energy International, and the Nevis Electric Company Limited have signed a long-term agreement for 25 years of energy supply connected to a geothermal project on the island of Nevis.

The United States has applauded what it describes as a “model” geothermal power purchase agreement in Nevis.

“The Department of State applauds the November 20 signing of the 25 year 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,” said the department in a statement.

NREI had signed a geothermal concession agreement with the NIA in September 2014 which initiated the phased process of financing, geological testing, drilling, and design and construction of a geothermal power generating station on the island. That facility is expected to generate up to 10 MWe.

The Observer has learned that the NEVLEC/NREI PPA mandates a geothermal plant be operational by December 2017.

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