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Energy

Nevada Geothermal, Ormat ink $20M deal

02.14.08 | Comment?

Yesterday Nevada Geothermal reached an agreement with Ormat to provide infrastructure for its Blue Mountain geothermal power plant. The agreement calls for a $20M fixed price procurement and construction plan under the guise of a “Limited Note to Proceed” agreement. After the characterization of the resources at Blue Mountain, this is another step toward commercialization and harvest of the resource, which appears to be about 10MW per well and a 190C (375F) temperature.

Drilling at Blue Mountain, Nevada
Nevada Geothermal Well 4 Drilling
Photo Credit: Nevada Geothermal

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