Saturday, March 23rd, 2019

Secretary Chu, Senator Reid Announce Department of Energy Conditional Commitment for a Loan Guarantee for Nevada Geothermal Project

Washington, D.C. – U.S. Energy Secretary Steven Chu and Senate Majority Leader Harry Reid today announced the offer of a conditional commitment to provide a partial guarantee for a $350 million loan for a geothermal power generation project. The project, sponsored by Ormat Nevada, Inc., is expected to produce a total of 121 megawatts (MW) of clean, baseload power from three geothermal power facilities and will increase geothermal power production in Nevada by nearly 25 percent.

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