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| | Thu May 10, 2007
Appoints Manager - Geothermal Project Development
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| | VANCOUVER, B.C. (May 11, 2007) -- Nevada Geothermal Power Inc. ("NGP") (TSX-V: NGP, OTC-BB: NGLPF), today announced the appointment of Max Walenciak, P.E., Manager -- Geothermal Project Development based in NGP's Reno office.
Mr. Walenciak will be responsible for engineering, equipment procurement and contractor selection for the Company's planned 'Faulkner 1' geothermal power plant, well field and transmission line at Blue Mountain, Nevada. Mr. Walenciak will direct critical path scheduling and manage the overall construction effort.
Mr. Walenciak is a registered professional engineer with over 30 years of diverse project management experience including both gas-fired and geothermal power plants. His experience includes project planning, design development, permitting support, negotiation of key project development and operation agreements and operations of power plants and associated facilities. He has an in-depth understanding of the design, procurement, and construction process from the owner/developer's perspective.
Over the past two years, Frank Misseldine has been responsible for Blue Mountain project development including project permitting. Mr. Misseldine will continue to be responsible for obtaining all the necessary permits and will provide project engineering and other support on a consulting basis.
Brian Fairbank, CEO of NGP stated: "I am excited to have professionals like Max and Frank being part of the NGP development team. Their experience and knowledge will be instrumental for the expeditious final development and the successful construction of the Faulkner I power plant."
Project Infrastructure Update
• NGP has also engaged Global Power Solutions (GPS) of Golden, Colorado to perform additional engineering economics, power system optimization and performance improvement analysis. Since 1980, GPS has been involved in all phases of geothermal power plant development worldwide.
• NGP has a Power Purchase Agreement (PPA) with Nevada Power Company as well as a water license for cooling water for the plant from the State of Nevada Department of Conservation & Natural Resources, Division of Water Resources in hand. The availability of water for cooling significantly improves the efficiency of the power plant in summer allowing for a level power output and increased revenues.
• Interconnection, system impact and facilities studies have been successfully completed and NGP's selected interconnection site has been approved by Sierra Pacific Power Company.
• Extensive environmental work has been conducted since mid-2006 and further studies are underway to complete the Environmental Assessment in support of NGP's 31.5MW (net) 'Faulkner 1' Development Plan and associated transmission line.
About Nevada Geothermal Power Inc.:
Nevada Geothermal Power Inc. is a renewable energy company developing geothermal projects in the United States to provide electrical energy that is clean, efficient and sustainable. NGP is committed to the geothermal industry and currently owns a 100% leasehold interest in four properties: Blue Mountain, Pumpernickel, Black Warrior, all of which are ideally situated in Nevada and Crump Geyser in Oregon. An initial 31.5 MW (net) geothermal power plant is planned to begin generating power at the Blue Mountain site subject to further resource drilling and feasibility studies.
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Nevada Geothermal Power Inc.
Brian D. Fairbank, P. Eng.
President & CEO
Investor Inquiries
Shelley Kirk
Nevada Geothermal Power Inc.
Telephone: 604-688-1553 X118
Toll Free: 866-688-0808 X118
Email: sfkirk@nevadageothermal.com
Tracy Weslosky or Fred Cowans
Managing Partners
Pro-Edge Consultants Inc.
Telephone: (416) 581-0177
Toll Free: (866) 544-9622 or
info@pro-edge.com
www.pro-edge.com
This Press Release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We have tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect our current belief and are based upon currently available information. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. We undertake no obligation to update or advise in the event of any change, addition, or alteration to the information catered in this Press Release including such forward-looking statements.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. |
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| | You can view the Next News item: Wed Jul 18, 2007, Announces the Continuation of Confirmation Drilling at Blue Mountain Geothermal Site with the Commencement of Third Production Size Well
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