Nevada Geothermal Power Inc. - Home Page

Jun 05, 2008 : Event : Global Clean Technology Conference

May 28, 2008 : Event : Simmons 2008 Alternative Energy Conference

May 16, 2008 : News : Completes Private Placement Total Proceeds C$15,00...

May 08, 2008 : News : Nevada Geothermal's Blue Mountain Well 58-15 Updat...

May 01, 2008 : News : Issues Second Limited Notice to Proceed to Ormat f...

Nevada Geothermal Power Inc. ( OTCBB: NGLPF, TSX.V: NGP) an emerging renewable energy producer focusing on the development of CLEAN electrical power from high temperature geothermal resources.NGP currently has four geothermal projects which, once developed, could have a cumulative generation capacity of over ~200 MW or enough green energy to meet the annual electrical demand of ~200,000 homes. The four properties: Blue Mountain, Pumpernickel, Black Warrior, all of which are ideally situated in Nevada and Crump Geyser, Oregon.

Blue Mountain Faulkner I (phase 1) geothermal project is on the road to revenue. Some of the highlights are:

20-year power purchase agreement (PPA) with Nevada Power Company
Large generation interconnection (LGIA) for up to 75 MW approved
Environmental assessment approved (FONSI)
US$140 million construction financing expected to close on or before May 31, 2008
Well field development ongoing
Ormat Technologies, EPC contract: fixed price, guaranteed completion of power plant

TURN ON THE POWER: 4th quarter 2009

Geothermal power benefits:

Geothermal is an economically-viable source of energy
Geothermal is readily available
Geothermal power plants provide reliable base load electricity
Geothermal energy use relies on proven technology with a long operating life
Geothermal benefits from incentives such as tax legislation and regional renewable energy targets.

Rocked by sky-high energy prices and alarmed by the specter of global warming governments around the globe are promoting the development of clean renewable energy such as geothermal. The State of Nevada legislated in 2003 a Renewable Portfolio Standard (RPS) which has rejuvenated Nevada's established geothermal power industry. Oregon and California too have implemented progressive RPS's.

Today, Nevada is one of the top producers of geothermal power, with 308 MW installed capacity. Geothermal energy provides about 9% of northern Nevada's electrical. Nevada has some of the largest untapped geothermal resources in the US with a potential for 2,500 to 3,700 MW of electricity. Wells and springs exist or the entire state, offering extensive opportunity for development of moderate and high-temperature resources for power generation.