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

Photo Credit: Nevada Geothermal

This entry was posted on Thursday, February 14th, 2008 at 7:01 am and is filed under Business, Geothermal.