TAS Energy Receives Contract for Geothermal Binary Plant from USG Oregon

TAS Energy, a company that designs power solutions for renewable energy industries, has declared that it was contracted by USG Oregon, a fully owned auxiliary company of the U.S. Geothermal, for the supply of a modular binary geothermal power plant for its Eastern Oregon located Neal Hot Springs Project. The geothermal plant is anticipated to go on stream in the middle of 2012.

The Neal Hot Springs project has become the first geothermal project to receive a loan guarantee under the Title XVII loan guarantee program of the Department of Energy. This loan guarantee program was formulated by the Energy Policy Act of 2005 to sustain the usage of novel renewable energy technologies. The loans program office of DOE has finalized the loan guarantee to assure the U.S. Treasury’s Federal Financing Banks loan to the Neal Hot Springs Project.

The geothermal project will incorporate three modular types of Advanced Supercritical Organic Rankine Cycle systems manufactured by TAS. The project will generate around 25 MW base load power and supply it to Idaho Power Company, which has entered into a power purchase contract with U.S. Geothermal.