4.11.2005: Meldung: Nevada Geothermal Power Inc.: Blue Mountain Power Proposal Selected as "Tier 1" to be Evaluated by Sierra Pacific/Nevada Power
Nevada Geothermal Power Inc.: Blue Mountain Power Proposal Selected as "Tier 1" to be Evaluated by Sierra Pacific/Nevada Power
VANCOUVER, BRITISH COLUMBIA-- -
Appoints Geothermal Development Manager for Blue Mountain; Appoints Chief Financial Officer
Nevada Geothermal Power Inc. ("NGP") (TSX VENTURE:NGP)(OTCBB:NGLPF), has been advised that its power proposal submitted in June 2005 to Sierra Pacific Power and Nevada Power in response to a Request for Proposals by the jointly owned Nevada utilities was favorably reviewed and designated "Tier 1" status.
Essentially this means that NGP will have an opportunity to negotiate a contract with the utility based on our proposal to supply 30 MW of power to the utilities. At the same time, we are assessing other opportunities in the bulk power market with major industrial energy consumers.
NGP today announced the appointment of Frank Misseldine, CPA, as Geothermal Development Manager with primary responsibility for bringing the Blue Mountain Geothermal Project through to electric power production. Mr. Misseldine, to be based in newly opened offices in Reno, Nevada, brings twenty years of power development and plant operating experience to NGP, having worked for companies such as Oxbow Power Services Inc., Caithness Corporation, Precursor Systems Inc. and recently Geothermal Management Services LLC. as Asset Manager/Controller for operations at the Stillwater Geothermal Power Plant.
Mr. Misseldine has extensive Nevada development/operations experience including power plant design, cost studies and budgets, power transmission routing, wheeling agreements, water and plant licensing, production area unit agreements, plant commissioning and Power Purchase Agreement (PPA) administration at the Dixie Valley, Beowawe, Brady"s Hot Springs, Yankee Caithness, Desert Peak and Stillwater Geothermal Power Stations.
Further to the Company"s plan to advance the Blue Mountain Geothermal Project through feasibility and development into production, NGP has recently completed a major Environmental Assessment (EA) in order to obtain permits for seven initial production wells and other deep exploration drilling sites. The permits are expected to be issued by the end of November, 2005.
The Company also welcomes Don Smith, CA, MBA as its Chief Financial Officer and Secretary as of October 1, 2005. Mr. Smith obtained his Commerce and Master of Business Administration degrees at Simon Fraser University in British Columbia and has 30 years of experience in senior financial positions including CFO for major public and private companies. Mr. Smith replaces Jack Milligan, P.Eng. as CFO/Secretary. Mr. Milligan will continue to serve as a Director and a Member of the Audit Committee.
Nevada Geothermal Power Inc. is a renewable energy company 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 four properties: Blue Mountain, Pumpernickel, Black Warrior, all of which are ideally situated in Nevada and Crump Geyser in Oregon. An initial 30 MW power plant is planned to begin generating power at the Blue Mountain site in 2007 subject to further resource drilling and feasibility studies.
Brian D. Fairbank, P. Eng, CEO & President is a Qualified Person under National Instrument 43-101.
Nevada Geothermal Power Inc.
Brian D. Fairbank, P. Eng.
President & CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Nevada Geothermal Power Inc.
(604) 633-1822 or Toll Free: 1-866-688-0808 ext. 118
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