Nevada Geothermal Power Inc.
TSX VENTURE : NGP
OTC Bulletin Board : NGLPF

Nevada Geothermal Power Inc.

November 06, 2006 09:15 ET

Nevada Geothermal Power Submits New Power Bid to Sierra Pacific/Nevada Power for Phase II 24 MW Plant at Blue Mountain

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 6, 2006) - Nevada Geothermal Power Inc. (NGP) (TSX VENTURE:NGP)(OTCBB:NGLPF) ("the Company") announced today that Nevada Geothermal Power Company ("NGPC", a wholly owned subsidiary of NGP) submitted a power bid for a Phase II 24 MW (net) (+/- 25%), geothermal plant at Blue Mountain to Sierra Pacific and Nevada Power in response to a Request for Proposal issued on September 5, 2006.

NGPC was awarded a Power Purchase Agreement (PPA) to provide up to 35 MW (gross), 30 MW (net) of geothermal power from the Company's 100% owned Blue Mountain Geothermal Project form Nevada Power Company on August 18, 2006; which is currently filed with the Public Utilities Commission of Nevada for approval.

"The Company is currently drilling the production wells for the Faulkner 1 power plant. The first well completed (26A-14) indicates that the Blue Mountain field is a major new discovery in Nevada," stated Brian D. Fairbank, President & CEO. "Based on the results from 26A-14, the large extent of shallow thermal anomaly, and brine chemistry that indicates yet higher temperatures associated with this geothermal field, we believe that the build-out potential for Blue Mountain is at least 60 MW."

Blue Mountain is located 30 km (20 miles) west of the town of Winnemucca, Nevada. The Blue Mountain Geothermal Project leases are ideally situated for development; the project area is 20 miles over relatively flat, underdeveloped lands from a connection point located on Sierra Pacific's 120kV-transmission line north of Mill City, Nevada.

About Nevada Geothermal Power Inc.

Nevada Geothermal Power Inc. is a renewable energy company exploring and developing geothermal projects in the United States to provide electrical energy that is clean, efficient and sustainable. NGP is committed to the geothermal industry and currently owns a 100% leasehold interest in the Blue Mountain, Pumpernickel, Black Warrior projects in Nevada and the Crump Geyser Project in southern Oregon.

Nevada Geothermal Power Inc.

Brian D. Fairbank, P. Eng., President & CEO

This Press Release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We have tried, whenever possible, to identify these forward-looking statements using words such as "anticipates", "believes", "estimates", "expects", "plans", "intends", "potential" and similar expressions. These statements reflect our current belief and are based upon currently available information. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. We undertake no obligation to update or advise in the event of any change, addition, or alteration to the information catered in this Press Release including such forward-looking statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Nevada Geothermal Power Inc.
    Shelley Kirk
    Investor Inquiries
    (604) 688-1553 X118 or Toll Free: 1-866-688-0808 X118
    Email: sfkirk@nevadageothermal.com
    Website: www.nevadageothermal.com
    or
    Pro-Edge Consultants Inc.
    Tracy Weslosky
    Managing Partner
    (416) 581-0177 or Toll Free: 1-866-544-9622
    or
    Pro-Edge Consultants Inc.
    Fred Cowans
    Managing Partner
    (416) 581-0177 or Toll Free: 1-866-544-9622
    Email: info@pro-edge.com
    Website: www.pro-edge.com