Nevada Geothermal Power Inc.

Nevada Geothermal Power Inc.

March 05, 2008 09:00 ET

CCM Research Issues Technical Research Report on Nevada Geothermal Power Inc.

TORONTO, ONTARIO--(Marketwire - March 5, 2008) - CCM Research Chief Technical Analyst, Jason Suttmeier, has written a technical research report on Nevada Geothermal Power Inc. (TSX VENTURE:NGP)

Nevada Geothermal Power Inc. (TSX VENTURE:NGP) is a renewable energy company developing geothermal projects in the United States to provide electrical energy that is clean, efficient and sustainable. NGP currently owns 100% leasehold interest in four properties: Blue Mountain, Pumpernickel, Black Warrior, all located in Nevada and Crump Geyser in Oregon. These properties are at different levels of exploration and development. NGP estimates a potential of approximately 150 MW to over 200 MW from the current leaseholds enough power for 200,000 homes.

In the report the analyst states:

"The weekly cycle will shift to neutral on a weekly close above the 5- week modified moving average at 1.088. The 200- week moving average provides support at 0.807 with the 50- week moving average at 1.157 as resistance."

"Weekly support is shown at 0.877 with monthly / semiannual resistances at 1.277 / 1.398. Look for weakness to hold the key quarterly pivot at 0.990."

A free copy of the report can be found at

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The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

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