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Canada In-Focus: Nevada Geothermal Wins Leasehold

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May 17, 2010 (FinancialWire) — Nevada Geothermal Power Inc., (TSX Venture: NGP) (OTCBB: NGLPF) said that it was the successful bidder in the May 11, 2010 Nevada State Bureau of Land Management lease sale on a 12 square mile parcel of land in the Pumpernickel Valley, Humboldt County Nevada.

According to the company, the property, site of the new Edna Geothermal Project, is accessible by road and is located a few miles northeast of NGP’s Pumpernickel Valley geothermal project, two miles south of the Interstate Highway 80, and nine miles west of the Valmy coal-fired power plant owned by NV Energy and Idaho Power.

An existing 125 KV power transmission line crosses the northern part of the Edna leases, according to Nevada Geothermal.

Brian Fairbank, president and CEO of the company said, “NGP anticipates that significant cost savings can be realized at Edna since the company already plans to have crews and drills in the vicinity through the next several years.”

Canada-based Nevada Geothermal Power is an emerging renewable energy producer and developer focused on producing geothermal electric power from high temperature geothermal resources, in the United States.

NGP currently owns a 100% leasehold interest in four properties: Blue Mountain, Pumpernickel, and Black Warrior, in Nevada, and Crump Geyser, in Oregon. These properties are at different levels of exploration and development. NGP estimates a potential of between 150 MW and 300 MW from its current leaseholds.

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