More Geothermal Power Coming to Idaho

U.S. Geothermal Incorporated, a renewable energy development company focused on the production of electricity from geothermal energy, announced the signing of a new, 13-megawatt (MW) full output power purchase agreement (PPA) with Idaho Power Company, a subsidiary of Idacorp, Inc.

The new PPA will replace an existing 10-MW, 20-year PPA and is part of Idaho Power’s 2006 formal request for geothermal electricity.

The new PPA is the first contract signed as part of ongoing negotiations with Idaho Power for a total of 45.5 MW and may be used as a template for the additional PPAs.

The production and injection wells, and geothermal resource at Raft River have been independently certified to contain adequate hydrothermal energy for the long-term supply of the 13-MW geothermal power plant currently under construction and expected to be online during the 4th quarter of 2007.

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