Nevada Geothermal Power Inc (NGLPF.OB) Seals a $20 Million Financing Deal
Nevada Geothermal Power Inc. (NGLPF.OB) recently announced that the company's wholly owned subsidiary, "NGP Blue Mountain I LLC", has closed a $20 million financing deal with Glitnir Banki hf ("Glitnir"). As a result of this transaction, the company has also amended and restated the Commitment Letter for the Loan to include Glitnir as the official loan underwriter. Glitnir Banki granted this loan to NGP Blue Mountain for the ongoing development of the company's 35 Blue Mountain, Faulkner I project in Nevada. The loan proceeds will be used to aid pre-construction efforts for the company's geothermal power plant, geothermal well field,…