St Kitts and Nevis: Prime Minister Dr. Terrance Drew collaborated with UAE-based funding firm- Ok&Ok Group and secured the funding to kickstart the groundbreaking geothermal power venture in St. Kitts and Nevis.
The strategic partnership is taken into account a milestone as it might fulfill the dedication of the federal government of St. Kitts and Nevis in the direction of renewable power safety and a sustainable agenda. The venture is geared toward harnessing the naturally occurring geothermal sources to provide clear power for the nation.
The collaboration was constructed within the presence of Dr. Tajeddine Seif, who’s the Chairman of the Ok&Ok Group, and mentioned a number of spheres of the venture with Prime Minister Dr. Drew.
Prime Minister Drew expressed pleasure with the partnership and stated that they’d facilitate the funding for the venture. He outlined the significance of the venture and added that it might be nice help in decreasing the reliance of the nation on the fossil fuels.
The geothermal venture may even assist in decreasing its carbon footprint, preserving its pure sources, and contributing to the efforts of the nation to fight local weather change. PM Drew added that the venture will provide you with big advantages for St. Kitts and Nevis because it helps in fulfilling sustainable objectives and constructing a more healthy atmosphere for future generations.
Along with that, the venture may even create new employment alternatives for the locals throughout the growth section. It could additionally drive financial development, foster sustainable growth, and different advantages for the pure sources.
Chairman of the Ok&Ok Group, Dr. Seif lauded the dedication of the federal government in the direction of the upliftment of the local people and stated that they’re blissful to be a part of the venture which might create alternatives for schooling and coaching in sustainable power applied sciences.
Dr. Seif assured the Prime Minister Drew that his Firm together with its strategic companions together with Siemens Power which can be useful in enhancing the event, set up and administration of the renewable power infrastructure.
The venture may even assist the nation in enhancing grid stability and reliability, which is not going to solely profit St. Kitts and Nevis, but additionally improve their reference to neighbouring islands.
Prime Minister Dr. Drew prolonged gratitude to the buyers for his or her confidence within the nation’s potential and neighborhood to advance the initiatives. The federal government has additionally been trying ahead to higher collaboration and enhancing the transformative affect of the venture on the power panorama of St. Kitts and Nevis.
