Printer Friendly
The Free Library
5,672,888 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Nevada Geothermal Power Inc.: Blue Mountain Power Proposal Selected as 'Tier 1' to be Evaluated by Sierra Pacific/Nevada Power.


VANCOUVER, British Columbia -- Appoints Geothermal Development Manager for Blue Mountain; Appoints Chief Financial Officer

Nevada Geothermal Power Inc. ("NGP NGP Neo-Geo Pocket (SNK)
NGP Nearest Grid Point
NGP New Growth Point (UK)
NGP National Grid Project
NGP Next-Generation Program (fire suppression)
NGP Next Generation Product
") (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
 VENTURE:NGP)(OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:NGLPF), has been advised that its power proposal submitted in June 2005 to Sierra Pacific Power and Nevada Power in response to a Request for Proposals by the jointly owned Nevada utilities was favorably reviewed and designated "Tier 1" status. Essentially this means that NGP will have an opportunity to negotiate a contract with the utility based on our proposal to supply 30 MW of power to the utilities. At the same time, we are assessing other opportunities in the bulk power market with major industrial energy consumers.

NGP today announced the appointment of Frank Misseldine, CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. , as Geothermal Development Manager with primary responsibility for bringing the Blue Mountain Geothermal Project through to electric power production. Mr. Misseldine, to be based in newly opened offices in Reno, Nevada, brings twenty years of power development and plant operating experience to NGP, having worked for companies such as Oxbow Power Services Inc., Caithness Corporation, Precursor Systems Inc. and recently Geothermal Management Services LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
. as Asset Manager/Controller for operations at the Stillwater Geothermal Power Plant.

Mr. Misseldine has extensive Nevada development/operations experience including power plant design, cost studies and budgets, power transmission routing, wheeling agreements, water and plant licensing, production area unit agreements, plant commissioning and Power Purchase Agreement (PPA PPA 1. Palpation, Percussion & Ausculation 2. Pittsburgh pneumonia agent 3. Postpartum amenorrhea 4. Price per accession 5. Pure pulmonary atresia ) administration at the Dixie Valley, Beowawe, Brady's Hot Springs, Yankee Caithness, Desert Peak and Stillwater Geothermal Power Stations.

Further to the Company's plan to advance the Blue Mountain Geothermal Project through feasibility and development into production, NGP has recently completed a major Environmental Assessment (EA) in order to obtain permits for seven initial production wells and other deep exploration drilling sites. The permits are expected to be issued by the end of November, 2005.

The Company also welcomes Don Smith, CA, MBA MBA
abbr.
Master of Business Administration

Noun 1. MBA - a master's degree in business
Master in Business, Master in Business Administration
 as its Chief Financial Officer and Secretary as of October 1, 2005. Mr. Smith obtained his Commerce and Master of Business Administration degrees at Simon Fraser University Simon Fraser University, main campus at Burnaby, British Columbia, Canada; provincially supported; coeducational; chartered 1963, opened 1965. The Harbour Centre campus in downtown Vancouver opened in 1989.  in British Columbia and has 30 years of experience in senior financial positions including CFO See Chief Financial Officer.  for major public and private companies. Mr. Smith replaces Jack Milligan, P.Eng. as CFO/Secretary. Mr. Milligan will continue to serve as a Director and a Member of the Audit Committee.

Nevada Geothermal Power Inc. is a renewable energy company developing geothermal projects in the United States to provide electrical energy that is clean, efficient and sustainable. NGP is committed to the geothermal industry and currently owns a 100% leasehold interest in four properties: Blue Mountain, Pumpernickel, Black Warrior, all of which are ideally situated in Nevada and Crump Geyser in Oregon. An initial 30 MW power plant is planned to begin generating power at the Blue Mountain site in 2007 subject to further resource drilling and feasibility studies.

Brian D. Fairbank, P. Eng, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  & President is a Qualified Person under National Instrument 43-101.

Nevada Geothermal Power Inc.

Brian D. Fairbank, P. Eng.

President & CEO

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from registration is available.

This Press Release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. We have tried, whenever possible, to identify these forward-looking statements using words such as "anticipates", "believes", "estimates", "expects", "plans", "intends", "potential" and similar expressions. These statements reflect our current belief and are based upon currently available information. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. We undertake no obligation to update or advise in the event of any change, addition, or alteration to the information catered in this Press Release including such forward-looking statements.

The TSX Venture Exchange TSX Venture Exchange

Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors.
 does not accept responsibility for the ad equacy or accuracy of this release.

Nevada Geothermal Power Inc. (TSX VENTURE:NGP) (OTC Bulletin Board OTC Bulletin Board

An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system.
:NGLPF)
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Nov 2, 2005
Words:742
Previous Article:Make-A-Wish Foundation(R) Partners with The Grove to Kick-Off ``A Season of Wishes(TM)'' Holiday Season Campaign.
Next Article:McGuire Real Estate First to Provide High Tech Map-Based Searching for Bay Area Home Buyers ''One Map is Worth a 1000 Mouse Clicks''.



Related Articles
Saving the Sequoias.(environment)
WOLF RUN HAS SOME BITE RENO COURSE CHALLENGING.(Sports)
SCHOOLS TRUSTEE TO RECEIVE INTERNATIONAL GLIDING MEDAL.(News)
SIERRA SNOWPACK SCANT\Officials downplay threat of drought.(News)(Statistical Data Included)
FIRST-GRADER WINS ECOLOGY ART CONTEST.(NEWS)
ECOLOGICAL STUDY REVEALS DAMAGE TO SIERRA RANGE.(NEWS)
PACIFIC STORM PRIMED TO DRENCH CALIFORNIA.(NEWS)
STORM USHERS IN CHILLY TEMPS.(News)
Elevated pesticide threatens amphibians.(endosulfan)(Brief Article)
More local ski slopes planning to go green.(Columns)(Knowing that their future is in the balance, Hoodoo and Mount Bachelor ski areas use alternate...

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles