News
Sep 22, 2008Geothermal Lease Sale
The state of Alaska received $3.5 million in bids for 16 tracts being sold. Ormat Nevada led the way, picking up 15 or the 16 bids.
Any doubts about serious interest in geothermal energy for Southcentral Alaska were dispelled on Sept. 10 at the state Mount Spurr geothermal lease sale. The state received an estimated $3.5 million in apparent high bonus bids, with all 16 tracts on offer being sold. Three bidders participated in the sale, with Reno-based Ormat Nevada picking up 15 of the tracts. Chad Attermann, a private individual with an address in Utah, picked up tract number 16.
Ormat Nevada outbid Iceland America Energy Inc. on four of the tracts. Two of those contested tracts lie in the centre of the lease sale area and attracted bids of $1.5 million and $1.4 million. Attermann outbid Ormat Nevada on tract 16 with a bid of $5,007
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