Nevada Geothermal Power Inc. (NGP) (TSX VENTURE: NGP)(OTCBB: NGLPF) announced today that NGP has received approval from United States Department of the Interior, Bureau of Land Management (BLM) for its Operations Plan and Utilization Plan for the Blue Mountain Geothermal Project. Approval is for lands located within the Blue Mountain Geothermal Unit Agreement area (which includes federal and private leases) and the rights-of-way for the electrical transmission line and power switching station. Read the rest of this entry »

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January 10, 2008

Geothermal Systems Contribute to a Cleaner Environment and Savings on Home Energy Bills

For most homeowners, up to 70 percent of a home’s total energy bill goes toward heating, cooling and hot water. Geothermal systems like the Envision series by WaterFurnace (TSX: WFI) capitalize on the solar energy stored year-round just below the earth’s surface to provide free, geothermal energy that increases the efficiency of home heating, cooling and hot water systems and reduces energy bills. Read the rest of this entry »

Nevada Geothermal Power Inc. (TSX VENTURE: NGP)(OTCBB: NGLPF) is pleased to announce preliminary results from the successful initial development well at Blue Mountain. The well 28A-14 flowed at a high volume of super-heated water unassisted from depths between 2240 feet (683 metres) and 2815 feet (858 metres). The temperature measured at the bottom of the well, exceeded expectations at 361 degrees F (183 degrees C). NGP is currently completing a 12-hour flow test to determine the well capacity and flow characteristics. Read the rest of this entry »

RENO, Nev., June 25 /PRNewswire-FirstCall/ — Ormat Technologies, Inc. (NYSE: ORA) today announced that an Ormat subsidiary signed an agreement to purchase from International Finance Corporation a 14.09% partnership interest (13.67% on a fully diluted basis) in Orzunil I de Electricidad, Limitada (Orzunil), which owns the Zunil Geothermal Project in Guatemala.

Upon the consummation of this acquisition and the CDC acquisition previously announced in a press release dated May 2, 2006, Ormat will become the sole owner of the Zunil Project. The purchase price agreed upon by the parties is $3,250,000. The acquisition is expected to close by the end of the third quarter of 2006 contemporaneously with the closing of the acquisition from CDC. Read the rest of this entry »