French com­pany be­gins geo­ther­mal ex­plo­ration in St. Kitts

The Star (St. Lucia) - - REGIONAL -

Ter­a­nov, a French engi­neer­ing and ser­vices com­pany for new and re­new­able en­ergy, based in Guade­loupe, has started geo­ther­mal ex­plo­ration ex­er­cises in St. Kitts. Five geo­sci­en­tists are in the is­land con­duct­ing fea­si­bil­ity stud­ies.

Pres­i­dent of Ter­a­nov, Jac­ques Chouraki, says the prospects for geo­ther­mal en­ergy on St. Kitts are promis­ing.

In Septem­ber Min­is­ter of Pub­lic In­fra­struc­ture, Posts, Ur­ban De­vel­op­ment and Trans­port Ian “Patches” Liburd signed a Mem­o­ran­dum of Un­der­stand­ing with Ter­a­nov, which in­cludes a road map that can pos­si­bly see the pro­duc­tion of geo­ther­mal en­ergy in 2020.

Min­is­ter Liburd said the de­ci­sion to start geo­ther­mal ex­plo­ration came against the back­drop of high cost of fos­sil fuel im­ports un­der the Petro­Caribe agree­ment with Venezuela. “From 2007 to 2008, the gov­ern­ment owes Petro­Caribe or Petróleos de Venezuela, S.A (PDVSA) some US$22 mil­lion of which some US$7 mil­lion is due. Be­tween 2008 and 2011, the gov­ern­ment racked up a debt of some US$45 mil­lion owed to PDVSA” he said.

Liburd added that to con­tinue de­vel­op­ing and to en­sure eco­nomic growth, gov­ern­ment must adopt a pol­icy of re­new­able en­ergy. He dis­closed that dur­ing the up­com­ing sit­ting of Par­lia­ment, the reg­u­la­tory frame­work will be laid with the tabling and first read­ing of the St. Christopher Elec­tric­ity Act which is be­ing amended to ac­com­mo­date al­ter­na­tive en­ergy, feed­ing tar­iffs, net billing, and so­lar, wind and geo­ther­mal en­ergy.

Chair­man of the Board of SKELEC, Mr. Er­rol Liburd, who is an en­gi­neer by pro­fes­sion, said that geo­ther­mal en­ergy will re­sult in lower elec­tric­ity gen­er­a­tion cost that will re­dound to the ben­e­fit of the con­sumer.

Left to right: Fred­eric Ger­ard, Project Man­ager, Ter­a­nov; Jac­ques Chouraki, Pres­i­dent, Ter­a­nov; Ian “Patches” Liburd, Min­is­ter of Pub­lic In­fra­struc­ture, Posts, Ur­ban De­vel­op­ment and Trans­port; Er­rol Liburd, Chair­man of Board of SKELEC;

Cartwright Far­rell, CEO of SKELEC.

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