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Browsing the "Federal Financing Bank" Tag

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

August 23rd, 2011 | by Andrew

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, Nevada'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)

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