Nevada Geothermal Power Inc. - Faulkner Power Plant Achieves New Output Record
2010-03-17 01:50:10
Quote: VANCOUVER--(BUSINESS WIRE)--Nevada Geothermal Power Inc. (NGP) (TSX.V: NGP, OTCBB: NGLPF) ispleased to announce that work to replace the damaged power cable systemsat the Faulkner 1 plant has enabled all three turbine generator units tobe placed into operation and for the Company to re-establish commercialpower production. For the past five days, the Faulkner 1 geothermalplant has been producing at 34.5 MW (Net).New deep injection capacity, resulting from the connection of well 55-15into plant o...
Read articleNevada Geothermal Power Inc. - Issues Stock Options
2010-03-17 01:50:09
Quote: VANCOUVER, British Columbia--(BUSINESS WIRE)--Nevada Geothermal Power Inc. (NGP) (TSX.V: NGP, OTCBB: NGLPF)announced that incentive stock options have been granted to certainemployees of NGP to purchase 150,000 common shares of the Company at anexercise price of $1.00 per share for a term of 5 years. Common shareswhich may be acquired upon exercise of the options shall vest over aneighteen month period. Twenty-five percent of the options will vest onthe date of grant with the balance vesting in ...
Read articleNevada Geothermal Power Inc. - Issues Stock Options
2010-03-15 05:05:44
Quote: VANCOUVER, British Columbia--(BUSINESS WIRE)--Nevada Geothermal Power Inc. (NGP) (TSX.V: NGP, OTCBB: NGLPF)announced that incentive stock options have been granted to certainemployees of NGP to purchase 150,000 common shares of the Company at anexercise price of $1.00 per share for a term of 5 years. Common shareswhich may be acquired upon exercise of the options shall vest over aneighteen month period. Twenty-five percent of the options will vest onthe date of grant with the balance vesting in ...
Read articleNevada Geothermal Power Inc. - Faulkner Power Plant Achieves New Output Record
2010-03-12 02:29:18
Quote: VANCOUVER--(BUSINESS WIRE)--Nevada Geothermal Power Inc. (NGP) (TSX.V: NGP, OTCBB: NGLPF) ispleased to announce that work to replace the damaged power cable systemsat the Faulkner 1 plant has enabled all three turbine generator units tobe placed into operation and for the Company to re-establish commercialpower production. For the past five days, the Faulkner 1 geothermalplant has been producing at 34.5 MW (Net).New deep injection capacity, resulting from the connection of well 55-15into plant o...
Read articleNevada Geothermal Power Provides Corporate Update - Crump Geyser and Pumpernickel Valley Geothermal Projects
2010-03-10 01:03:58
Quote: VANCOUVER, British Columbia--(BUSINESS WIRE)--Nevada Geothermal Power Inc. (NGP) (TSX.V: NGP, OTCBB: NGLPF) today provided an update on its geothermal power projects – Crump Geyser and Pumpernickel Valley. The Crump Geyser and Pumpernickel Valley Geothermal Projects are ready for development drilling in 2010. NGP plans to maintain a schedule such that new power plants can be constructed and placed in service by the end of 2013 or within the time required to qualify for generous federal ta...
Read articleNevada Geothermal Power Inc. Faulkner 1 Power Plant Successfully Restarted
2010-03-10 01:03:58
Quote: VANCOUVER--(BUSINESS WIRE)--Nevada Geothermal Power Inc. (NGP) (TSX.V: NGP, OTCBB: NGLPF) is pleased to report that its Faulkner 1 power plant was successfully restarted yesterday. A temporary solution has enabled two of the three generators to be restarted at reduced output levels. Engineering considerations surrounding the interim repair plan has limited start-up output to 13MW (net). The permanent repair plan is on schedule and the plant is expected to be fully operational again by early Marc...
Read articleNevada Geothermal Power Inc. Provides Progress Report on Blue Mountain Resource and Faulkner 1 Debt Financing
2010-03-10 01:03:57
Quote: VANCOUVER, British Columbia--(BUSINESS WIRE)--Nevada Geothermal Power Inc. (NGP) (TSX.V: NGP, OTCBB: NGLPF) announcedtoday that interim power production from the Faulkner 1 geothermal planthas been increased from 13 MW (net) to 26 MW (net) with permanent cablesinstalled to Turbine Generator Units One and Three. Cable repairs areexpected to be fully completed to Unit Two and other electricalequipment on or before March 10, 2010 allowing the plant to be fullyoperational.Newly drilled and tested, d...
Read articleNevada Geothermal Power Inc. Provides Progress Report on Blue Mountain Resource and Faulkner 1 Debt Financing
2010-03-05 05:50:07
Quote: VANCOUVER, British Columbia--(BUSINESS WIRE)--Nevada Geothermal Power Inc. (NGP) (TSX.V: NGP, OTCBB: NGLPF) announcedtoday that interim power production from the Faulkner 1 geothermal planthas been increased from 13 MW (net) to 26 MW (net) with permanent cablesinstalled to Turbine Generator Units One and Three. Cable repairs areexpected to be fully completed to Unit Two and other electricalequipment on or before March 10, 2010 allowing the plant to be fullyoperational.Newly drilled and tested, d...
Read articleNevada Geothermal Power Inc. Faulkner 1 Power Plant Successfully Restarted
2010-02-25 02:20:22
Quote: VANCOUVER--(BUSINESS WIRE)--Nevada Geothermal Power Inc. (NGP) (TSX.V: NGP, OTCBB: NGLPF) ispleased to report that its Faulkner 1 power plant was successfullyrestarted yesterday. A temporary solution has enabled two of the threegenerators to be restarted at reduced output levels. Engineeringconsiderations surrounding the interim repair plan has limited start-upoutput to 13MW (net). The permanent repair plan is on schedule and theplant is expected to be fully operational again by early March.Dril...
Read articleNevada Geothermal Power Provides Corporate Update - Crump Geyser and Pumpernickel Valley Geothermal Projects
2010-02-25 02:20:21
Quote: VANCOUVER, British Columbia--(BUSINESS WIRE)--Nevada Geothermal Power Inc. (NGP) (TSX.V: NGP, OTCBB: NGLPF) todayprovided an update on its geothermal power projects – Crump Geyser andPumpernickel Valley. The Crump Geyser and Pumpernickel Valley GeothermalProjects are ready for development drilling in 2010. NGP plans tomaintain a schedule such that new power plants can be constructed andplaced in service by the end of 2013 or within the time required toqualify for generous federal tax gran...
Read articleFaulkner 1 Plant Production Increases to 30 MW (Net); Well 55-15 Intersects Targeted Injection Zone
2010-02-23 07:33:42
Quote: VANCOUVER--(BUSINESS WIRE)--Nevada Geothermal Power Inc. (NGP) (TSX-V: NGP, OTC-BB: NGLPF) ispleased to announce increased production from NGP’s flagship Faulkner 1power plant and positive interim results from its current drillingprogram designed to further optimize plant output.Faulkner 1 output has been increased 3 MW to 30.5 MW (net). To allow forincreased brine production and plant output, NGP constructed a pipelineand is injecting 500 gallons per minute (gpm) of spent geothermal brin...
Read articleNervous Traders Dump Shares Ahead of Jobs Number
2010-02-23 07:33:42
Quote: The jobs report will be announced before tomorrow's open, so maybe traders were lightening up on positions ahead of this closely watched economic data.Geothermal Stocks Index was the top performing tickerspy Index on the day, led by Nevada Geothermal PowerNGLPFNews) with a 3% gain.Stocks faded at the end of the day, causing the major market indices to finish lower. The Dow fell -87 points to 10,366, while the S&P lost -9 points to 1,100. The Nasdaq shed -12 points to close at 2,173. Oil slip...
Read articleNevada Geothermal Power Inc. - 4.5 Million Warrants at C$1.50 Per Share Granted to Trust Company of the West on Amended Loan Agreement
2010-02-23 07:33:42
Quote: VANCOUVER--(BUSINESS WIRE)--Nevada Geothermal Power Inc. (NGP) (TSX-V: NGP, OTC-BB: NGLPF) announcedtoday that, subject to regulatory approval, it has agreed to grant TrustCompany of the West (TCW) warrants to purchase 4.5 million common sharesat a price of C$1.50 per share for up to five years. The warrants willinclude a trigger clause such that if the closing price of the NGPcommon shares on the TSX-V exchange, or such other stock exchange uponwhich the common shares of NGP are listed, is grea...
Read articleNevada Geothermal Power Inc. to Present at Upcoming Investor Conferences
2010-02-23 07:33:41
Quote: VANCOUVER--(BUSINESS WIRE)--Nevada Geothermal Power Inc. (NGP)(TSX.V: NGP, OTCBB: NGLPF), GeothermalEnergy Finance Forum2010Vancouver Resource Investment Conference.Visit Nevada Geothermal Power Inc.’s Booth (H66) at the 2010Vancouver Resource Investment Conference, January 17 & 18, 2010 from10:00 am to 5:00 pm.http://www.cambridgehouse.ca/index.php/Registration-Information/AboutNevada Geothermal Power Inc.:BlueMountainPumpernickelBlackWarriorCrumpGeyser, Oregon. These properties are at d...
Read articleNevada Geothermal Power Announces Successful Drilling to Date Will Increase Production at Blue Mountain Faulkner 1 Geothermal Power Plant
2010-02-23 07:33:41
Quote: VANCOUVER, British Columbia--(BUSINESS WIRE)--Nevada Geothermal Power Inc. (NGP) (TSX-V: NGP, OTC-BB: NGLPF) ispleased to announce that it has successfully completed two new deepinjection wells that, when connected, the Company believes will enablethe Faulkner 1 plant to operate at approximately 40MW (net). Two or moreadditional wells will be drilled as part of the current program tofurther optimize production from the existing plant.“Drilling progress has been faster than anticipated and ...
Read articleFaulkner 1 Power Outage - Investigation Underway
2010-02-23 07:33:40
Quote: VANCOUVER, British Columbia--(BUSINESS WIRE)--Nevada Geothermal Power Inc. (NGP)(TSX.V: NGP, OTCBB: NGLPF),announced today that its Faulkner 1 geothermal power plant automaticallyshut down on January 17th, 2010, due to a “ground fault†problem in theelectrical control system.The plant will remain off-line while a thorough inspection of theelectrical system and underground cables is performed. NGP staff and theEngineering, Procurement and Construction (EPC) contractor are currentlyon-...
Read articleNevada Geothermal Power Announces the Appointment of David Punch, Corporate Communications
2010-02-23 07:33:40
Quote: VANCOUVER--(BUSINESS WIRE)--Nevada Geothermal Power Inc. (NGP) (TSX-V: NGP, OTC-BB: NGLPF)today announced that it has appointed Mr. David Punch to the position ofManager, Corporate and Investor Relations. Mr. Punch has over 15 yearsexperience in business development, sales, advertising and investorrelations. Mr. Punch holds a BA from the University of British Columbiawith a background in Economics."NGP is pleased to announce the appointment of Mr. Punch. With hisexpertise in business development...
Read articleNevada Geothermal Power Inc. named as part of 2010 TSX Venture 50
2010-02-23 07:33:39
Quote: VANCOUVER--(BUSINESS WIRE)--TSX Venture Exchange today announced that Nevada Geothermal PowerInc. (NGP) (TSX.V: NGP, OTCBB: NGLPF) has been named as one of theTSX Venture 50, a ranking of strong performers listed on TSX VentureExchange. TSX Venture 50 is comprised of 10 emerging companies in fiveindustry sectors that have been identified as leaders in Canada’s publicventure market.“It is an honour to be named as part of this year’s TSX Venture 50,â€said Brian Fairbank, P...
Read articleNevada Geothermal Power Announces Inspection of Faulkner 1 Electrical System Reveals Solution to Power Outage
2010-02-23 07:33:39
Quote: VANCOUVER--(BUSINESS WIRE)--Nevada Geothermal Power Inc. (NGP)(TSX.V: NGP, OTCBB: NGLPF),previously reported that its 49.5 MW Faulkner 1 geothermal power plantexperienced a power plant outage on January 17, 2010. NGP and itsEngineering Procurement and Construction (EPC) contractor which suppliedthe plant and electrical systems, are working cooperatively to get theplant back on line as expeditiously as possible.The initial inspection by the EPC contractor has determined that theplant automaticall...
Read articleFaulkner 1 Power Outage - Power Cable System on the Mend
2010-02-23 07:33:38
Quote: VANCOUVER--(BUSINESS WIRE)--Nevada Geothermal Power Inc. (NGP) (TSX.V: NGP, OTCBB: NGLPF) reportedtoday on the status of the electrical cable breakdown at the 49.5 MWFaulkner 1 geothermal power plant. The plant automatically shut down dueto heat build up and cable failure in the buried power cable system. NGPand its Engineering Procurement Construction (EPC) contractor areworking cooperatively to get the plant back online as soon as possible.Repairing the failed power cable system entails replac...
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