Geothermal Project Planned in Nevis

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A geothermal well in Nevis

Caribbean geothermal developer West Indies Power Holdings has announced plans for an 8.5-megawatt project in Nevis. The project will be funded with a $55 million loan from the Export-Import Bank of the United States. Nevis’ Administration has been given permission to guarantee the loan, a necessary prerequisite. [Bloomberg]

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