Published: 2010-06-16
British Columbia, Canada –Nevada Geothermal Power Inc. (NGP) has received a conditional commitment from John Hancock Financial Services as lead lender for a US $98.5 million loan and an offer for a conditional commitment from the U.S. Department of Energy (DOE) as loan guarantor for up to 80 percent of the loan amount.
The project has a 20-year power purchase agreement to sell electricity and renewable energy credits.
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