Ormat & NGP Execute EPC Contract

Nevada Geothermal Power Inc. (NGP) and Ormat Technologies Inc. announced that the two companies have entered into an Engineering, Procurement and Construction Contract (EPC) for a 49.5-megawatt (MW) power plant that will use three Ormat Energy Converters at NGP’s Blue Mountain geothermal project in Nevada.

The total value of the contract with Ormat is approximately US $76 million. The output of the power plant at Blue Mountain will meet the Phase 1 power delivery requirements of an existing 20-year Power Purchase Agreement between NGP and Nevada Power Company.

“The EPC contract with Ormat increases the power output of each OEC unit to 16.5 MW from the originally planned 12.5 MW. The increased OEC capacity results in a lower cost per MW installed at Blue Mountain. Ormat’s proven power plant technology combined with Blue Mountain’s favorable reservoir chemistry will extract more megawatt-hours of energy per unit volume of geothermal fluid compared to other available technologies, maximizing the overall megawatt potential for the Blue Mountain geothermal field,” said Brian Fairbank, President and CEO of Nevada Geothermal Power Inc.

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