Welcome To The Nevada Geothermal Power HUB On AGORACOM
Geothermal Power in America for America
  • Demo Video
  • Private Messages
  • Edit My Profile
  • View/Edit Portfolio



KWG Partners With Massive Chinese Railway Company To Study Rail Solution For The Ring Of Fire

  • KWG and China Railway Company have signed a Confidentiality and Non-Disclosure Agreement
  • Includes a three-year standstill provision, to enable the scoping and engineering data of KWG subsidiary Canada Chrome Corporation to be made available for examination and analysis by FSDI
  • Parties intend to explore the possibility of a negotiated transaction between them for Chinese firm to undertake a feasibility study for KWG
  • WATCH BNN Interview With Frank Smeenk

Hub On AGORACOM / Corporate Profile / Read Release

Message: NGP Awarded US$7.9 mil Fed Grant...

Rank: [?]
Points: [?]
Rating: [?]
Votes: 136 Score: 3.4
  • Currently 3.5/5 Stars.
Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

NGP Awarded US$7.9 mil Fed Grant...

posted on Jul 15, 11 02:19PM

Nevada Geothermal Power Inc. Awarded US$7.9 Million Federal Grant for Additional Work Completed at Blue Mountain

Press Release Source: Nevada Geothermal Power Inc. On Thursday July 14, 2011, 1:16 pm EDT

VANCOUVER, British Columbia--(BUSINESS WIRE)-- Nevada Geothermal Power Inc. (NGP) (TSX-V:NGP.v - News) is pleased to announce that the United States Department of the Treasury has informed NGP that the Company’s application in the amount of approximately US$7.9 million for Specified Energy Property in Lieu of Tax/Credits relating to additional drilling completed at Blue Mountain ‘Faulkner 1’ geothermal power plant subsequent to being placed in service has been approved under Section 1603, Division B of the American Recovery and Reinvestment Act of 2009. Payment of the full amount is expected imminently.

Faulkner 1 was placed in service on October 9, 2009 and NGP has since completed new well field work that was not included in the original application. The Company intends to use the funds to repay a portion of the debt owing to lenders.


New Message

Please login to post a reply


AGORACOM 100 - The Top 100 Small Caps ... Find Your Next Investment
Today's Show
in 00:00:000

President's D.D.

New feature: Hub Presidents can add important links here.

Hub Leaders