Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Ticker for Nevada Geothermal is NGLPF.OB. Looks like a penny stock.

Plug in the word geothermal into symbol look-up and you get a list of half a dozen players, mostly traded on the CDNX. Names include Nevada, Sierra, Polaris and US Geothermal.

This seems to emphasize the speculative nature of geothermal investments at this point. Ethanol is much futher along and more credible. Perhaps major companies have an interest, but they seem not to be obvious.

This is a good one to keep an eye on, but it sounds like it could be years before they see profits.


Since this is the "Canada - Microcaps" board I will use NGP.v ticker.

The company has four projects including one (Blue Mountain) that has a PPA with Nevada Power Company and planned (If I recall) to be producing in 2009.

Ethanol (IMO) is a farm subsidy program disguised as green energy.



NGP's Blue Mountain geothermal site has a Power Purchase Agreement (PPA) for up to 35 MW of Geothermal Power with Nevada Power Company
"The signing of this PPA for an initial geothermal power plant at our Blue Mountain project is a significant step for Nevada Geothermal...We expect there will be additional MW capacity at Blue Mountain for future development and we are also exploring growth potential of our three other geothermal sites in Nevada and Oregon." ...Brian Fairbank, P. Eng, President and CEO of Nevada Geothermal Power Inc.
NGP is well funded and has no debt
Generation of electricity from geothermal reservoirs is economically viable
Currently the state of Nevada has 14 geothermal power plants totaling 277 megawatts of power capacity
Electricity production from renewable sources is expected to triple in the coming decade
Federal Renewable Energy Production Tax Credit (US1.9 cents per kWh) has been expanded to geothermal.

Nevada Geothermal Power's flagship project is the 100% owned Blue Mountain property, in northern Nevada. Development driling is underway at the Blue Mountain geothermal site, the production test data from the wells will be used to complete a feasibility study for an initial 30 MW to 35 MW geothermal power plant; which is enough to supply power to 24,000 homes.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.