Financing, construction agreements puts U.S. Geothermal to work on plant

In Nevada, USG Nevada LLC, a subsidiary of U.S. Geothermal Inc., has entered into agreements with Science Applications International Corp. for a project loan and an engineering, procurement and construction contract for a geothermal power plant for Phase 1 of the San Emidio project in northwestern part of the state. SAIC’s design-build subsidiary, The Benham Companies, LLC. will handle the work. Phase 1 of the San Emidio project consists of relocation and replacement of the existing power plant. The new 11.5 MW plant will have a net electrical output of between 9.1 and 8.1 MWs depending on seasonal and other variations. Phase 2 is a planned 26 MW expansion.