[Teranov] has been recently granted geothermal exploratory licenses by the Executive Councils of Saba and of St Eustatius, two small islands in the Caribbean Netherlands.
These exclusive permits authorise their holder to explore geothermal resources over the next three years on both islands in order to qualify geothermal resource for further industrial exploitation. They also give Teranov priority rights to access the resource once it will be qualified.
Jacques Chouraki, President of Teranov, has stated “Those two exploratory licenses are major steps for the cooperation project “Leeward Islands’ Geothermal & Digital Interconnexion Hub in Saint-Martin”, led by the Executive Council of Saint-Martin (French Caribbean). With these permits granted, Teranov reinforces its position in the Caribbean geothermal market.”
Read the full news release at Think GeoEnergy.
[Image credit: Richie Diesterheft]