The US Department of the Treasury has approved the company’s application in the amount of $7.9m for Specified Energy Property in Lieu of Tax/Credits relating to additional drilling completed at the Blue Mountain facility.
The company placed the plant in service in October 2009 and has since completed new well field work that was not included in the original application.
The funds will be used to repay a portion of the debt owing to lenders, the company said.
Nevada Geothermal Power is a renewable energy developer focused on producing electricity from high temperature geothermal resources in the US.
