Monday, October 21, 2013

Canada:

Alternative Earth Resources Reports Results For the Year Ended June 30, 2013

Alternative Earth (formerly Nevada Geothermal Power Inc.) based in Vancouver, B.C. Canada, was responsible for the development of the Blue Mountain geothermal resource from exploration through commissioning of the nameplate 49.5 MW (gross), 38.8 MW (net) Faulkner I power plant, and continues to hold interests in four other geothermal properties.

The results of the Blue Mountain power plant are included in Alternative Earth's results up to March 28, 2013, on which date the company transferred its interest in the project to Blue Mountain Power, LLC, a subsidiary of EIG Global Energy Partners, which had been the mezzanine lender on the project. Alternative Earth continues to operate the power plant through its subsidiary, Nevada Geothermal Operating Company, and is providing some management and administrative services during a cooperative transition period.

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