NV Energy announced last week the company has signed a power purchase agreement with a subsidiary of Ram Power Corporation for energy that will be produced at the company's geothermal power plant in Nevada. The 32 MW Clayton Valley Geothermal Project is planned to start producing electricity in 2014.

The terms of the PPA were not disclosed, as it's still awaiting approval by the Public Utilities Commission of Nevada.

The power plant is one of five planned at various land areas acquired by Ram Power Corporation. According to the company, some 160 MW of untapped geothermal energy potential lie beneath the surface in these areas. This could be enough to generate clean electricity for about 96,000 average households in the area.

[source: NV Energy]