Breaking News

  • Afreximbank announces termination of its credit rating relationship with Fitch

  • Flow continues to make it easy to access devices

  • Political Manifestoes in Barbados? Has Social Media or Technology made them obsolete?

  • “Tek Ya Licks” — Laughs Were Served, Service… Not So Much, by Richelle Lavine: On The Scene

  • Tempest in a thimble? Barbados’ Opposition’s storming over voter lists

  • CDB Reacts to Passing of Dr Wm Warren Smith – 5th President of the Caribbean Development Bank

WIP Nevis Rig 21

Geothermal contract with WIP has not been cancelled – Developers counter

•

AirBourne

•

,

Geothermal contract with WIP has not been cancelled – Developers counter

•

AirBourne

•

,
WIP Nevis Rig 21

The has stated that it is free to pursue the development of geothermal energy in Nevis by its own means pursuant to a High Court ruling made on January 16th. This statement by the NIA is not true. The ruling does not cancel West Indies Power (Nevis) Ltd (WIPN) existing contract with NIA to develop the geothermal resources on Nevis.

{FILE IMAGE} The High Court issued a ruling that WIPN does not agree with and consequently has instructed its legal counsel to file an appeal. WIP is in a position to meet its obligations and has always upheld its side of the contract signed with the NIA. WIP is ready to proceed, with the development of the Nevis geothermal resource, that it discovered at a cost of over US$10.000.000.
{FILE IMAGE} The High Court issued a ruling that WIPN does not agree with and consequently has instructed its legal counsel to file an appeal. WIP is in a position to meet its obligations and has always upheld its side of the contract signed with the NIA. WIP is ready to proceed, with the development of the Nevis geothermal resource, that it discovered at a cost of over US$10.000.000.

WIP has not been able to proceed with further development of this project due to obstacles that the NIA has placed in its way.

WIP will continue to defend its contractual rights to develop the geothermal resources located on Nevis.

«
»
, , , , , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *

Sponsored Ads

BR2 If you saw this then you came to the best place to get seen 1