The site which is located in Southeastern Idaho was auctioned off by the U.S. Department of Interior - Bureau of Land Management on June 20th. This is the first such auction under the new federal leasing rules under the Energy Policy Act of 2005. U.S. Geothermal. The parcel which was auctioned off is adjoining a parcel next to the Raft River project.
Daniel Kunz, U.S. Geothermal's President and Chief Executive Officer was quoted as saying; "This parcel adds 1,685 acres (2.6 square miles) of energy rights in an area that hosts good exploration potential and fills in a core area of our current holdings.”
The company is currently developing sites as well in Neal Hot Spring in eastern Oregon. The Raft River project is a 13 MW power plant project and it is hoped that this will be online by the fourth quarter of 2007.
For additional information:
http://www.usgeothermal.com/ http://www.usgeothermal.com/NewsReleases.aspx
