GEOTHERM CO SETS OUTPUT RECORDS

Nevada Geothermal Power Reports Record Output & Operations Revenue for the Quarter ended March 31, 2011
May 19, 2011 (Nevada Geothermal Power Inc.)

"Nevada Geothermal Power Inc…[had a gross] margin for [for the quarter ended March 31, 2011, of] $3.6 million and the net loss was $1.4 million…Power production for the quarter…averaged 47 MW (gross), 37 MW (net), resulting in revenue of $6.3 million from operations, which represents a 9% increase over the previous quarter ended December 2010, and a 110% increase over the comparative quarter in 2010.

"The latest drilling program at Blue Mountain was completed during the quarter without an immediate increase in injection or production capabilities, which led to a downward revision of the Blue Mountain power production forecast. The Company is continuing with a wellfield testing and stimulation program, which could result in an improvement in plant output."

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"Highlights [for the quarter included]…[1] Record output at Blue Mountain, tempered by ongoing resource issues…[2] Drilling of a development test well suitable for use as an injection well completed at the Crump Geyser joint venture project, which will help the project qualify for an ARRA grant…[3] Exclusive right to purchase California properties from Iceland America Energy (IAE) obtained."

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"…[Highlights subsequent] to quarter end [included]…[1] Application for a cash grant…[for] most recent drilling program at Blue Mountain…[2] Resource confirmation drilling financed by Ormat Nevada Inc. resumed at Crump Geyser…[3] Discussions with EIG regarding potential changes to loan terms…[to enable] a tax-assisted financing…[4] Due diligence on IAE transaction continuing…"

"Nevada Geothermal Power Inc. operates the 49.5 MW Faulkner 1 geothermal plant in Nevada…[and] currently owns a 100% leasehold interest in four properties: Blue Mountain, Pumpernickel Valley, Edna Mountain and North Valley in Nevada, and a 50% interest in Crump Geyser, in Oregon. These properties are at different levels of exploration and development. NGP estimates a potential of between 150 MW and 300 MW from its current leaseholds…"