Positive Outlook for Nevada Geothermal Project

April 29, 2004 [SolarAccess.com] Nevada Geothermal Power (NGP) has begun drilling Deep Blue No.2 (DB 2), a second deep geothermal test well at its 100% owned Blue Mountain Geothermal Project. The U.S. Department of Energy (DOE) awarded Noramex Corp., NGP’s wholly owned U.S. subsidiary, a grant of US$659,000 towards the drilling project. The purpose of DB 2 is to confirm and better delineate the potential of the Blue Mountain geothermal resource. The discovery well indicates resource temperatures of 150 degrees C (300 degrees F) which are sufficient for commercial power production using binary technology. Further drilling and testing is required to determine the ultimate size and productivity of the resource.
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