Nevada Geothermal Power, Inc. (OTC:NGLPF, TSX-V:NGP) has received a Federal Grant for $57.9 million through its subsidiary NGP Blue Mountain 1 LLC. The grant was awarded to the company for the completion of the Faulkner 1 geothermal plant. The grant will be used for general corporate purposes, and to pay the company’s debt so that drilling may begin at Blue Mountain.
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Nevada Geothermal Power, Inc. is engaged in the evaluation and development of geothermal power projects primarily in Nevada and Oregon. The company’s property interests include Blue Mountain Geothermal Property, Humboldt County, Nevada, Pumpernickel Geothermal Project, Humboldt County, Nevada, Black Warrior Project, Washoe and Churchill Counties Nevada, and Crump Geyser Project, Lake County, Oregon. The Blue Mountain Geothermal Property rests 32km west of Winnemucca.
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