17.2.2005: Meldung: US Geothermal Inc. completes registration
The Company also announced that Robert Cline, a registered professional engineer and a civil engineer with 23 years of energy development experience, has joined the Company as Vice President - Engineering. Mr. Cline was formerly the Manager of Engineering for Ida-West Energy Company, the unregulated subsidiary of Idaho Power Company. His extensive experience with energy project development includes acquisition, permitting, feasibility, engineering, construction and operation of hydroelectric, gas fired, coal fired, geothermal and wind facilities throughout the United States and Canada.
About US Geothermal
US Geothermal is a renewable energy development company focused on geothermal energy initially in the Pacific Northwest and has a 20-year Power Purchase Agreement with the Idaho Power Company for delivery of an average of 10MW of electric power per month from the Company"s Raft River project. The Phase One power plant at Raft River is expected to be the first geothermal power plant in Idaho and the Pacific Northwest. Raft River is scheduled to begin production of electric power in 2006, bringing Idaho customers the benefits of a clean, green, renewable energy source. The Company currently owns or leases 6.0 square miles (15.5 square kilometers) of land and geothermal rights, which contain a proven energy reservoir. The Company"s independent consultant, GeothermEx Inc. of Richmond California estimates the Company"s existing land position could yield 90 MW of electric power. Permitting and engineering studies are currently underway in preparation for arranging financing, and for the anticipated start of construction during the 2nd or 3rd quarter of 2005.
Please visit our Website at: www.usgeothermal.com
The information provided in this news release may contain forward-looking statements within the definition of the Safe Harbor provisions of the US Private Securities Litigation Reform Act of 1995. These statements are based on US Geothermal Inc."s current expectations and beliefs and are subject to a number of risks and uncertainties that can cause actual results to differ materially from those described in forward looking statements.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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