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Nevada Geothermal Power Completes Blue Mountain Faulkner 1 Project
Friday, September 18, 2009 10:52 AM


(Source: Datamonitor)trackingNevada Geothermal Power has announced that the Blue Mountain Faulkner 1 project in Nevada has completed testing requirements under the engineering procurement construction contract with Ormat Nevada, a subsidiary of Ormat Technologies, three months ahead of schedule.

The company has said that the power plant equipment has exceeded guaranteed output levels. The plant will continue to generate and supply electricity while remaining work items are completed.

Nevada Geothermal Power expects to assume full control of the power plant in late September 2009 and will declare an in service date shortly thereafter.

Brian Fairbank, president and CEO of Nevada Geothermal Power, said: "We are extremely pleased with the plant performance exceeding the guarantee output signaling that the plant can produce significantly greater than 49.5MW gross output.

"Early completion has resulted in Nevada Geothermal Power generating cash much earlier than previously forecasted and will result in a substantial interest cost savings to Nevada Geothermal Power."

A service of YellowBrix, Inc.



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