U.S. Geothermal Inc. (NYSE: HTM) said that its construction contractor has provided a notice of mechanical completion for the first of three 7.3 net MW, air cooled power plant modules at the Neal Hot Springs project in Oregon. The total project is about 90 percent complete with some 65 percent of the $96.7 million U.S. Department of Energy loan guarantee already drawn down to fund construction.
Mechanical completion of the first module marks the beginning of commissioning activities on various individual power plant components, controls and the related production and injection wellfield. Once these commissioning activities are complete, the power module will undergo acceptance testing, leading up to full module startup and continuous operation.
The second power plant module is expected to achieve mechanical completion around June 7 and the third module is slated to achieve mechanical completion by the end of June 2012. The 22 MW net power plant is expected to achieve full commercial operation late in the third quarter of 2012.
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