Nevada Geothermal Power Awarded Two Cost Share Grants for US$3.4 Million from the Department of Energy

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Fri Oct 30, 2009 1:38pm EDT

VANCOUVER--(Business Wire)--
Nevada Geothermal Power Inc. (NGP) (TSX-V: NGP, OTC-BB: NGLPF) announced today
it has been awarded two grants through the Department of Energy (DOE) under the
American Reinvestment and Recovery Act Geothermal Technologies Program. 

In July 2009, NGP submitted proposals under a DOE Funding Opportunity
Announcement for cost sharing grants available for innovative exploration and
drilling under the American Reinvestment and Recovery Act. 

On October 29, 2009, NGP was granted US $1,764,272 Million for the Crump Geyser
Geothermal Project and US $1,597,847 Million for the Black Warrior Geothermal
Project. The DOE funding, combined with equal funding from NGP, is sufficient to
conduct confirmation drilling to demonstrate the viability of geothermal
resources at both projects. 

"We are very pleased to be selected for the DOE cost shared funding because it
helps us to fast track development for our geothermal projects - Black Warrior
and Crump Geyser - and continue with our program of scalable growth," stated
Brian Fairbank, President and Chief Executive Officer. 

The Company expects to outline its plans for its development of new projects in
the near future. 

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, Black
Warrior, all of which are ideally situated in Nevada and Crump Geyser in Oregon.
These properties are at different levels of exploration and development. NGP
estimates a potential of over 200 MW from the current leaseholds. 

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.

Nevada Geothermal Power Inc.
Brian D. Fairbank, P. Eng.
President & CEO
www.nevadageothermal.com
or
Investor Inquiries:
Paul Mitchell
Nevada Geothermal Power Inc.
Telephone: 604-638-8784
Toll Free: 866-688-0808 X118
Email: pmitchell@nevadageothermal.com



Copyright Business Wire 2009

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