Geothermal Reservoir Site of New Plant

Plans are moving ahead on a new commercial geothermal energy facility in Idaho. Ormat Nevada will supply equipment and interim financing and construction services for phase one of US Geothermal’s 13 MW geothermal power project at Raft River in southeastern Idaho.

“The agreement with Ormat should provide the Raft River project the ability to initiate by September 1, 2005, the manufacture and supply of the key long lead items associated with the project and power plant,” said Daniel Kunz, US Geothermal’s President and CEO. “We intend to have the first plant in service by December 30, 2006.” Formerly a US Department of Energy geothermal research facility, the Raft River geothermal reservoir project is near the existing electrical transmission grid and surrounded by modern infrastructure, which will help minimize costs for interconnection. While the project will generate an initial 13 MW of capacity, the company believes that Raft River’s energy reservoir can produce an estimated 90 MW of power from its 6.5 square miles.

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