Message #15 From:
Stock News Bot Date: January 11, 2008 09:28:03 AM
NGP has received approval from United States Department of the Interior
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.
Based on the environmental analysis and Finding of No
Significant Impact (FONSI), NGP is allowed to proceed with geothermal
development operations. Work includes the construction of new well
pads, access roads and temporary water wells for the purpose of
drilling geothermal production wells and installation of production,
re-injection, and fresh water pipelines in support of development
facilities to operate a geothermal power plant.
"The 'FONSI' for our planned operations in the development of
the Blue Mountain Power Project represents the culmination of 18 months
of collaborative work with the BLM. Extensive environmental and
cultural studies were completed and public input was obtained. The EA
approval represents a major step towards the completion of the Faulkner
1 geothermal power plant, clearing the way to obtain the balance of
permits required for construction," stated Brian Fairbank, President
& CEO.
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. The electric power
is to be sold under a 20-year Power Purchase Agreement to the Nevada
Power Company for up to 35MW 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 leaseholds.
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 statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
Nevada Geothermal Power Inc.
Shelley Kirk
Investor Inquiries
(604) 688-1553 X118 or Toll Free: 1-866-688-0808 X118