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Energy Department Offers Conditional Commitment to Support Nevada Geothermal Development with Recovery Act Funds

Energy Department Offers Conditional Commitment to Support Nevada Geothermal Development with Recovery Act Funds
Washington D.C. – Energy Secretary Steven Chu today announced a conditional commitment to provide a partial guarantee for a $98.5 million loan by John Hancock Financial Services to the Nevada Geothermal Power Company (NGP) for a 49.5 megawatt geothermal project in Humboldt County in northwestern Nevada.

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