GEOTHERMAL OUTPUT/INPUT UP

Nevada Geothermal Power Inc. -- Record Power Production at Faulkner 1 and Financing Update
May 10, 2010 (Business Wire via MarketWatch)

"[The] Nevada Geothermal Power Inc…Blue Mountain, Faulkner 1 Geothermal Plant…has been operating continuously since its restart on March 5th. For the period of April 1st to 30th, with cable repairs completed, output averaged approximately 37 MW (net) and plant availability was greater than 98%. Gross revenue generated for the month was approximately US$2.0 million.

"The plant has achieved record electric power production over the past week, with peak outputs exceeding 53MW (gross) and with 41MW (net), enough power to supply 40,000 homes, being delivered to the grid. The increased production was enabled by operational adjustments at the plant."

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"Construction work (pump installation, pipeline construction, and power line) is underway to connect production well 44-14 which is expected to raise potential plant output by a further 5-7 MW.

"Following completion of the wellfield work in mid-June, NGP will be in a position to apply for a further ITC/cash grant to recover approximately $7M in costs."

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"…Work continues in earnest by the Company, its lender John Hancock, and the Department of Energy (DOE) on a senior debt financing of up to US$98M under the DOE's Commercial Technology Loan Guarantee Program.

"…The Company is [also] preparing for production drilling in 2010, final feasibility studies in 2011, and for plant completion by the end of 2013 for the Pumpernickel and Crump Geyser Development Projects to position them for ITC/Cash Grants. At Pumpernickel, prerequisite technical surveys have been completed and three production/injection wells are sited and fully permitted. At Crump Geyser, an aeromagnetic survey has recently been flown…Permit applications have been filed…[and] well permits are expected shortly."