Work also continues on a draft power purchase agreement that is projected to be completed soon. The $106 million project is expected to qualify for about $27 million under the ITC cash grant program and is currently planned to be online by the fourth quarter of 2011.
The conditional use permit received unanimous approval at a September 24, 2009 MCPC meeting and was issued on October 28, 2009.
U.S. Geothermal’s President and Chief Executive Officer Daniel Kunz said “Approval of the Conditional Use Permit is a key project milestone. We appreciate the continued support from Malheur County and the State of Oregon as we advance toward construction of the Neal Hot Springs geothermal power plant.”
