News
Sep 21, 2008WebWire.com: “Glitnir acts as financial adviser for Nevada Geothermal Power”
Another article looking at CanGEA member Glitnir and their continued leadership in the financial community in the development of the geothermal energy industry. Glitnir recently aided in the loan facility for Nevada Geothermal’s 49.5 MW Blue Mountain, Nevada geothermal power plant.
Glitnir has been instrumental in closing a USD 180 million loan facility for Nevada Geothermal Power to build the first phase of a new 49.5 MW geothermal power plant.
The deal, which was co-arranged with Morgan Stanley & Co., allows the company to start construction on the Blue Mountain geothermal power plant, also known as “Faulkner 1“. When completed in late 2009, the geothermal power plant will supply the growing population of southern Nevada with much needed baseload power.
To read the full article: http://www.webwire.com/ViewPressRel.asp?aId=74849
