Geothermal Well At Hamilton Estate, Nevis
Charlestown, Nevis
November 03, 2008
Legal Advisor to the Nevis Island Administration (NIA) Attorney Patrice Nisbett, announced recently that the NIA was in a round of negotiations with West Indies Power (Nevis) Ltd, to establish clear-cut agreements that would govern the island’s geothermal resource.
Nisbett disclosed that negotiations would be devoted to the Geothermal Resource Contract (GRC) and a Power Purchase Agreement (PPA) to be established between Nevis Electricity Company Ltd (NEVLEC) and WIP.
He further disclosed that the GRC negotiations would deal with the requisite correct licenses, in accordance with legislation passed and gazetted. He also spoke of other substantive issues to be negotiated.
