Nevada Geothermal Announces Large
Generation Interconnection Agreement Signed With Sierra
Pacific Power Company for Up to 75 MW
Nov 19, 2007 - MarketWire
Nevada Geothermal Power Inc. (NGP) (TSX VENTURE:
NGP)(OTCBB: NGLPF) today announced that the Company
has executed a Large Generator Interconnection Agreement
(LGIA) with Sierra Pacific Power Company (SPPC). The
LGIA covers up to 75 MW of new electric generation
in two phases from the Blue Mountain Geothermal resource.
The Agreement was the culmination of SPPC engineering
studies which determined that interconnection to SPPC's
electrical transmission grid was feasible and subsequent
contract negotiations with NGP. The LGIA costs and
schedule are in line with NGP's plans for the Blue
Mountain Project and allows NGP to continue with development
of Phase I and planning of Phase II power projects.
"Completion of this Agreement meets a critical milestone
in the development of the 35 MW Blue Mountain, Faulkner
I project in Nevada. This Agreement allows us to connect
NGP's Blue Mountain generating facilities to the utilities
electric grid and identifies responsibilities, costs
and schedules for the interconnection. Sized at 75
MW, the agreement also secures the access for future
build out phases at our Blue Mountain site," stated
Brian Fairbank, President & CEO of Nevada Geothermal.
In addition, NGP has submitted a power bid for a Phase
II 24 MW (net) (+/- 25%), geothermal plant at Blue
Mountain to Sierra Pacific Power Company and Nevada
Power Company in response to a Request for Proposal
issued on September 28, 2007. The transmission line
to be build for the Faulkner 1 power plant will have
enough capacity to accommodate Phase 2 power plant
Blue Mountain, located 30 kilometers (20 miles) west
of the town of Winnemucca, Nevada, is ideally situated
for development. The proposed Faulkner I geothermal
plant will require a 20-mile long transmission line
over relatively flat, undeveloped desert land to a
connection point located on the utility's (Sierra
Pacific) 120kV-transmission line north of Mill City,
Nevada. Extensive environmental studies have been
completed along the power line route and around the
proposed power plant site and an environmental assessment
is in process by the Bureau of Land Management (BLM).
The electric power is to be sold under a 20-year Power
Purchase Agreement to the Nevada Power Company, for
up to 35 MW of geothermal power. Phase I at Blue Mountain
is expected to commence power generation in late 2009.
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 located in Nevada and Crump Geyser
in Oregon. These properties are at different levels
of exploration and development. NGP estimates a potential
of approximately 150 MW to over 200 MW from the current
Nevada Geothermal Power Inc.
Brian D. Fairbank, P. Eng., President & CEO
This news release does not constitute an offer to
sell or a solicitation of an offer to sell any of
the securities in the United States. The securities
have not been and will not be registered under the
United States Securities Act of 1933, as amended (the
"U.S. Securities Act") or any state securities laws
and may not be offered or sold within the United States
or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws
or an exemption from registration is available.
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
The TSX Venture Exchange does not accept responsibility
for the adequacy or accuracy of this release.
SOURCE: Nevada Geothermal Power Inc.