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For example, in its early years, GDA recognized the potential of a 30-acre utility-owned parcel at theSteamboat Springs KGRA near Reno, Nevada. GDA, acting alone, undertook the geologic and geophysical surveys, acquired the lease, negotiated the power purchase agreement, and attracted the capital to drill the successful discovery well. GDA and its management currently retain a net revenue interest and an overriding royalty on the original 5 MW plant, built in 1985, now expanded to 8.4. MW.
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© Geothermal Development Associates | 770 Smithridge Dr. Suite 550 - Reno, NV 89502 USA | Ph. +1 (775) 825-5800 | Fax +1 (775) 825-4880
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