23 Aug '11, 5am

Government, Private Sector Join to Make Neal Hot Springs Geothermal Power Plant a Reality

Government, Private Sector Join to Make Neal Hot Springs Geothermal Power Plant a Reality

Pioneers heading west on the Oregon Trail by stagecoach stopped to relax and enjoy the hot waters at Neal Hot Springs 90 miles northwest of Boise, Idaho. In the near future, the area will be the site of Oregon’s first commercial-scale geothermal power plant.A public-private collaboration, Idaho’s US Geothermal Inc., equity investor Enbridge Inc. and the US Dept. of Energy joined together to complete financing of the $130-million Neal Hot Springs project, which is expected to come online in late 2012 with a capacity of 25 megawatts (MW). Located near the eastern Oregon town of Vale, Neal Hot Springs’ geothermal resource resides at a depth of some 2,800 feet below the earth’s surface where a reservoir of hydrothermal fluid ranges in temperature from 311-356 degrees Fahrenheit. A $96.8 million low-interest loan guarantee through the US Dept. of Energy’s Loan Programs Office p...

Full article: http://cleantechnica.com/2011/08/23/government-private-se...

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