Nevada Geothermal Power

Nevada Geothermal Power, Inc. Moves Into California

Filed Under Geothermal | Tagged With: Advanced Exploratory Drilling Technologies, Blue Mountain geothermal power plant, Brian Fairbank, California, California Geothermal Power, Canada, Department of Energy, DOE Geothermal Energy Funding, energy, Energy Inc., Energy Secretary Steven Chu, Iceland America, Iceland America Energy Inc., Nevada, Nevada Geothermal Power, Nevada Geothermal Power Inc., Oregon, Reservoir Stimulation Geophysical Exploration Technologies, Southern California, Steven Chu, U.S., U.S. Department of Energy, U.S. geothermal energy, U.S. geothermal power, United States Geothermal Technology Advancement, USD | | No Comments»

Vancouver, Canada-based company, Nevada Geothermal Power Inc.(TSX.V: NGP) continues to grow its potential geothermal energy capacity.

The company boasts geothermal energy projects in Nevada and Oregon which they claim have a production potential of up to 200 MW.  Of the five projects under development, four are located on NGP properties in Nevada and one project is located in Oregon.

With the announcement that it has come to an agreement with Iceland America Energy, Inc. to purchase IAE’s geothermal assets in the Imperial Valley, Nevada Geothermal Power has extended its reach into Southern California.

NGP agreed to pay US$680,000 in cash and 6,074,069 shares to aquire 100% ownership of IAE’s geothermal projects in New Truckhaven, East Brawley and South Brawley, California.  In Truckhaven, NGP plans to begin work on developing a 30-50 MW geothermal power plant.

Kengen Signs Sh2.1 Billion Deal With AFD

Japan has extended a loan of $375 million (Sh28.8 billion) to Kenya for geothermal power generation, drought responses and reforestation. Of the amount, $320 million (Sh24.6 billion) will be channelled to geothermal power generation while $55 million (4.2 billion) will service drought responses and reforestation in the country.

Japan Prime Minister Yukio Hatoyama also offered Japan’s assistance for Kenya to develop a nuclear power plant, noting that Japan had the most advanced technology in nuclear power production. He said Kenya can expect additional assistance in other areas of climate change measures.

Mr Hatayama made the announcement at a meeting with Prime Minister Raila Odinga, who wound up his one week visit to Japan on Saturday. Mr Odinga arrived in Japan on Monday evening for meetings with business and political leaders aimed at attracting Japanese aid and investments to Kenya.

During Saturday’s meeting, attended also by Deputy Prime Minister Uhuru Kenyatta, Industrialisation minister Henry Kosgey, Prof Wangari Maathai and assistant minister Harun Mwau at Mr Hayama’s offices, Japan also expressed strong commitment to support Kenya’s Vision 2030.

Mr Hatoyama said Japan will support Kenya’s desire for expanded trade and investment. He pledged to push for increased exports of Kenyan products to Japan and an of Japanese tourists to Kenya, and greater investment of Japanese private companies in Kenya.

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