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Nevada Geothermal Power Inc.: Drilling Resumes at Blue Mountain Geothermal Site

Nevada Geothermal Power Inc.
(NGLPF) reported that the next phase of development is underway at its Blue Mountain Geothermal site, with drilling to deepen the Deep Blue 2 (DB2) well by an additional 700 metres (2,300 feet).

"We are investigating a potential deep - hotter production zone that would make Blue Mountain's economics extremely robust," said Brian Fairbank President and CEO. "A deep high temperature resource would allow us to use more efficient and cost effective 'dual-flash' technology similar to the 60MW power plant at the Dixie Valley high temperature field in Nevada. A Monte Carlo simulation by Susan Petty of Black Mountain Technology infers a minimum resource capacity of 110MW if temperatures between 220 degrees - 250 degrees C can be confirmed." [ more ]

was posted on AltEnergyStocks.com.


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