Department of Energy Issues Loan Guarantee Supported by Recovery Act for Nevada Geothermal Project

Energy Secretary Steven Chu today announced a partial
guarantee for a $98.5 million loan to the 49.5 megawatt Blue
Mountain geothermal project in Humboldt County in
northwestern Nevada. The loan guarantee is being issued to
John Hancock Financial Services to support a loan to a
subsidiary of the Nevada Geothermal Power Company.