May 29, 2012
TRADING SYMBOLS:
In the U. S.: NYSE MKT: HTM and in Canada: TSX: GTH
Mechanical completion of the first module marks the
initiation of commissioning activities on various individual
power plant components, controls and the related production
and injection wellfield. Once these commissioning activities
are complete, the power module will undergo acceptance
testing, leading up to full module startup and continuous
operation. The second power plant module is expected to
achieve mechanical completion around June
7, 2012 and the third module is slated to achieve mechanical
completion by the end of June,
2012. The 22 megawatt net power plant is expected to achieve
full commercial operation late in the third quarter of
2012.
Please visit our Website at: http://www.usgeothermal.com
U.S. Geothermal Inc. is a leading renewable energy development company that is operating geothermal power projects at Raft River, Idaho and San Emidio, Nevada. The Neal Hot Springs project, which is currently under construction, will be the company's third operating power project. The company holds geothermal energy rights to 69,500 acres comprising six advanced stage geothermal development projects. The San Emidio project is currently undergoing construction of a new 8.6 net MW binary cycle power plant.
Website : www.usgeothermal.comNYSE MKT: HTM TSX: GTH
FOR ADDITIONAL INFORMATION PLEASE CONTACT:
Saf Dhillon - Investor Relations
U.S. Geothermal Inc. Tel: 866-687-7059
Fax: 208-424-1030
saf@usgeothermal.com
The information provided in this news release may contain forward-looking statements within the definition of the Safe Harbor provisions of the US Private Securities Litigation Reform Act of 1995. These statements are based on U.S. Geothermal Inc.'s current expectations and beliefs and are subject to a number of risks and uncertainties that can cause actual results to differ materially from those described, including but not limited to, the results from the ongoing injection well drilling at Neal Hot Springs. Readers are cautioned to review the risk factors identified by the company in its filings with Canadian and US securities agencies. Forward-looking statements are based on management's expectations, beliefs and opinions on the date the statements are made. U.S. Geothermal Inc. assumes no obligation to update forward-looking statements if management's expectations, beliefs, or opinions, or other factors, should change.
The NYSE MKT and the TSX do not accept responsibility for the adequacy of this release.
U.S. Geothermal Inc. 1505 Tyrell Lane, Boise, ID 83706 208-424-1027 www.usgeothermal.com
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