Ormat Technologies has announced last week the successful completion of acquisition of membership interests in the Hot Sulphur Springs II, including the Tuscarora project,  in Nevada (USA).

This acquisition puts Ormat in the position to harness more geothermal power from the Tuscarora project which is expected to provide a significant power output. The first phase of the upcoming development will bring 16 MW to the grid. Construction begins this year, with government funding options as financial support for the project.

Ormat is going to develop and operate the Tuscarora project, with completion scheduled sometime in 2012. Up to 40 MW of clean electricity from the power plant has been contracted under a 20-year PPA with Nevada Power Company.

[source: Ormat Technologies]