Stock Penny UGTH, US Geothermal Announces Progress Update

U.S. Geothermal Inc. ("U.S. Geothermal") (TSX:GTH)(OTCBB:UGTH Stocks Penny), a renewable energy company focused on the production of electricity from geothermal energy, announced a progress update on the company's Unit One geothermal power plant at Raft River, Idaho.

Construction activities associated with the Unit One plant were completed this month when the power plant contractor, Ormat Nevada, achieved substantial completion under the terms of the engineering, construction and procurement contract. The plant operated under a test phase of power production from October 18 to 23. After a number of start-up mechanical issues were successfully addressed, the plant was restarted on November 22 and is continuing operations. Plant operations are dependent upon maintaining a sufficient pressure regime in the production wells. The operating staff continues to learn about each well's capabilities and the relationship of injection pressure to production. The test phase is ongoing to allow for a fuller understanding of the geothermal resource capability. The net electrical power output of the plant is currently between 8 and 9 megawatts. With four production wells in operation, the maximum and minimum gross electrical output achieved by the plant to date was 14.4 and 9.5 megawatts respectively. The maximum and minimum net electrical output achieved by the plant to date was 9.4 and 7.1 megawatts respectively. The output of the plant is being sold to Idaho Power Company and sales are limited to 10 megawatts average per month under the terms of the existing power purchase agreement. The plant is designed to produce an annual average net output of 13 megawatts.

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