Geothermal Drill Site On Nevis
Basseterre, St. Kitts – Nevis
February 24, 2011 (CUOPM)
With ongoing political unrest in North Africa and the Middle East, the St. Kitts and Nevis Cabinet has expressed the need to redoubling its efforts to bring alternative energy sources on line.
“Cabinet discussed the recent decision to remove the unsustainable subsidies from electricity tariffs in St. Kitts, while bearing in mind the further negative impact that ongoing political unrest in North Africa and the Middle East can have on the price of oil; the local cost of electricity, the cost of doing business and the overall cost of living,” said Minister of Information, Sen. the Hon. Nigel Carty in the Post Cabinet Briefing.
He informed that Prime Minister Hon. Dr. Denzil L. Douglas and Minister responsible for Public Utilities and Energy, Hon. Dr Earl Asim Martin, pointed to the immediate need to redouble efforts to bring renewable energy options – wind and geothermal – online.
“Dr. Martin reassured the Cabinet that with the financial markets rebounding, potential investors in our renewable energy projects, such as our wind farm projected slated for Belle Vue, will have better guaranteed financial support from lending institutions,” said the Information minister.
He reported that Prime Minister Douglas informed the Cabinet that the prospect of geothermal electricity coming online within a year is a very real one.
“Our aggressive pursuit of new initiatives and support of ongoing initiatives in this area will yield truly beneficial results for the energy sector and for the overall economy and the quality of life for our people, the Prime Minister advised,” said Mr. Carty.