Nevada Geothermal Power Inc.: Blue Mountain, 'Faulkner 1' Geothermal Power Plant Construction Update
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VANCOUVER, BRITISH COLUMBIA, Jun 16 (MARKET WIRE) --
Nevada Geothermal Power Inc. (NGP) (TSX VENTURE: NGP)(OTCBB: NGLPF) is an
emerging renewable energy developer focused on producing clean, efficient
and sustainable geothermal electric power from high temperature
geothermal resources. NGP is pleased to provide an update of the
development activities for the construction of the 49.5 MW gross/39.5 MW
net Blue Mountain 'Faulkner 1' geothermal power plant as we gallop to the
final stretch towards completion.
Update of resource development at Blue Mountain:
NGP has completed six production wells capable of producing approximately
42 MW net of power. NGP has recently completed injection Well 61-22
bringing the total injection wells to four (58-15, 58A-15, 57-15 and
61-22). Wells 58-15 and 57-15 have been tested as high volume deep
injectors (2000 - 3000 gallons per minute (gpm)). Well 58A-15 is a high
volume shallow injector (greater than 3000 gpm) and Well 58B-15,
currently being drilled, is expected to have similar injection capacity.
The total injection capacity is sufficient to re-inject all the
production fluids from the production wells.
"We are very pleased with the overall results of the production and
injection wells and the well field including pipeline construction is
nearing completion," stated Brian Fairbank, President and CEO of Nevada
Geothermal Power Inc.
Construction update for Blue Mountain 'Faulkner 1' geothermal power plant:
- Ormat is greater than 90% complete and has started system checks.
- Well pumps are being installed.
- Additional water licenses have been obtained for the cooling water
allowing NGP to draw extra ground water to support the cooling system for
the expanded geothermal power plant. Water well drilling and water
pipeline construction is anticipated to be completed the first week of
July.
- Water cooling tower construction is complete.
- Ormat's transformer testing has been completed and has been shipped to
the Blue Mountain site.
- Wilson Utility has completed the construction of the transmission line.
- NV Energy will complete the switchyard station by the end of June at
the grid interconnection point north of Mill City and have planned system
modifications as per the Large Generator Interconnection Agreement to
allow connection to the grid.
- All personnel have been hired for the operation of the 'Faulkner 1'
power plant and training has been underway for several months.
- Well field pipeline/gathering system is under construction and is
expected to be completed July 2009.
- Microwave communication and local power distribution systems
construction are underway.
NGP is on track to complete the 49.5 MW 'Faulkner 1' geothermal power
plant and turn on the power by early October 2009.
New funding opportunities for geothermal:
On May 27, 2009, President Obama announced that the US Department of
Energy (DOE) will make US$350 million of new investment available for the
advancement of geothermal power development as part of the American
Recovery Act. With the federal allotment of funding, the government hopes
to increase American economic competitiveness while supporting jobs and
moving towards a clean energy economy. Nevada Geothermal Power Company
(US) intends to submit several grant applications for funding the
exploration and development of its projects in Nevada and Oregon.
To view the photos accompanying this press release, please click on the
following link: http://media3.marketwire.com/docs/ngp616.jpg
About Nevada Geothermal Power Inc.:
Nevada Geothermal Power Inc. is an emerging renewable energy developer
focused on producing clean, efficient and sustainable geothermal electric
power from high temperature geothermal resources in the United States.
NGP currently owns a 100% leasehold interest in four properties: Blue
Mountain, Pumpernickel, and Black Warrior (all of which are ideally
situated in Nevada), and Crump Geyser in Oregon. These properties, which
are at different levels of exploration and development, are estimated to
have the potential for the generation of over 200 MW.
NGP's phase 1 development at Blue Mountain 'Faulkner 1' 49.5 MW gross
power project is On the Road to Revenue and is expected to be Turning on
the Power October 2009.
Nevada Geothermal Power Inc.
Brian D. Fairbank, P. Eng., President & CEO
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.
Contacts:
Nevada Geothermal Power Inc.
Shelley Kirk
Investor Inquiries
604-638-8784 or Toll Free: 866-688-0808 X118
sfkirk@nevadageothermal.com
www.nevadageothermal.com
Copyright 2009, Market Wire, All rights reserved.
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