RESPEC PROJECT

RESPEC performed due diligence for an investor evaluating a geothermal energy project in Nevis, a small island in the Caribbean Sea. The project details were closely examined to ensure that the investor was provided with all necessary information for a sound decision. This assessment included reviewing well-testing procedures, understanding the geological features, and estimating potential costs.

Other tasks involved the review of all essential paperwork and legal documents, such as contracts and agreements, to ensure accuracy and completeness. RESPEC recommended drilling an additional well to better understand the geothermal resource, which would aid in planning the project. Although the investor passed on the opportunity, the Government of Saint Kitts and Nevis provided the financial support needed to continue the project’s development.

RESPEC also conducted an in-depth analysis of another geothermal project, on the island of Saint Vincent, by evaluating all technical data and reports to evaluate the project’s feasibility. We assessed the proposed well locations, the designs, and how the project would interact with the local community and environment. RESPEC ensured a thorough review of the business plan to determine the project’s potential for long-term success.

Stages
7. Due Diligence