10 February 2010 - NV Energy said it signed a 20-year power purchase agreement with a unit of Ram Power Corporation for energy that will be produced by a new geothermal power plant under development in central Nevada. The 32 MW Clayton Valley Geothermal Project is expected to be generating electricity by 2014.
Terms of the power purchase agreement, which is subject to approval by the Public Utilities Commission of Nevada, were not disclosed.
The generating plant is being developed on one of five geothermal leases that Ram Power has acquired from the Bureau of Land Management in Esmeralda County, approximately halfway between Reno and Las Vegas. According to the developer, Clayton Valley has sufficient geothermal resources to produce up to 160 MW of electricity. The project will be developed and operated by Ram Power subsidiary Clayton Valley 1, LLC.