Nevada Geothermal Power Reaches Agreement on Transfer of Ownership in Blue Mountain Geothermal Project

By Midnight Trader,  January 16, 2013, 03:17:09 PM EDT

Nevada Geothermal Power Inc. (NGP.V) announced that the company and funds managed by EIG Global Energy Partners, the mezzanine lender for the Blue Mountain Geothermal Project, have entered into an equity transfer agreement under which NGP will transfer its 100% interest in NGP Blue Mountain HoldCo LLC to Blue Mountain Power, LLC, a company owned by EIG.

BM HoldCo holds a 100% interest in NGP Blue Mountain I LLC which in turn owns all of the project assets including geothermal leases, operating permits and licences, the power plant, wellfield and all other physical or contractual assets of the Blue Mountain Project.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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