(Charlestown September 3, 2014).-West Indies Power (WIP) has instructed its legal counsel to begin legal action against the Nevis Island Administration (NIA) for the illegal awarding, to Nevis Renewable Energy International (NREI), of a concession to develop geothermal resources on Nevis. WIP currently is the legal holder of the concession to develop geothermal resources on the island of Nevis, pursuant to a contract with the NIA, which is in full force and effect.
Kerry McDonald, CEO of WIP stated, “ The action of the NIA in seeking to grant a concession to develop the geothermal resources on Nevis to NREI, while there is an existing contract with WIP, is an intentional breach of contract and has no legal effect.”
McDonald has instructed the lawyers for WIP to begin a legal action against the NIA to challenge its illegal action, as well as for damages against the NIA for its illegal actions.”
WIP will continue to defend its contractual rights to develop the geothermal resources located on Nevis.