Geothermal Lease Tracts Available for Sale

The Bureau of Land Management (BLM) Nevada will offer up six Known Geothermal Resource Areas (KGRA) for competitive sale September 24.

Reno, Nevada – September 23, 2002 [] The six KGRAs include 67 tracts for a total of 130,537 acres. The KGRAs are Soda Lake, New York Canyon, Salt Wells, Dixie Valley and Brady, all in Chruchill County; and Gerlach in Washoe County. Bids, which must be received by the BLM today, will be opened and read at 1:30 p.m., September 24, 2002, at the Geothermal Resources Council Meeting, held at the Reno Hilton Hotel, 2500 East 2nd Street, Reno, Nevada. Each bid will be opened, publicly announced and recorded. Inadequate bids, which are for less than the Bureau’s estimated value, will be rejected. The winning acceptable bid for each parcel will be announced after all bids have been opened. At the option of the winning bidders, the BLM will provide the opportunity to issue the lease effective Oct. 1, 2002. The President’s National Energy Policy places a high priority on alternative energy development on federal lands. The Secretary of the Interior has pledged to find opportunities to expand alternative energy development on federal lands and to streamline geothermal lease processing. A new Nevada state law requires use of renewable sources within the state to meet new electrical demands. Nine power plants are currently using federal geothermal resources in Nevada. They generate 165 MW, meeting the needs of 165,000 households. Since generation began in 1986, these plants have produced more than 15 million MWh of electricity with a gross value of more than US$1 billion. Federal royalties exceed US$42 million, half of which is returned to the State of Nevada.
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