NEWS UPDATES:

Updated: June 26th, 2007 10:24 AM     Email This Story Email This Story

Sale of geothermal leases generates $5.7 million

By :JASON KAUFFMAN

The Idaho Bureau of Land Management's first ever offering of geothermal leases netted nearly $6 million in a recent sale, the federal land management agency has reported. Under federal Energy Policy Act of 2005, a total of eight BLM parcels--five in Idaho and three in Utah--were offered for leasing on June 20.

The sale of the five Idaho parcels, which totaled 8,901 acres, generated $5.7 million. Four of the geothermal lease parcels lie in the Raft River Valley in southern Idaho's Cassia County. The fifth parcel is located in Washington County, in western Idaho.

The BLM already administers 29 geothermal power plants in the states of California, Nevada and Utah, an agency press release states. Those plants generate a total of 1,250 megawatts and supply the needs of approximately 1.2 million homes.

Further information on the Idaho BLM's offering of geothermal leasing can be accessed by calling (208) 373-3890, or logging on to www.id.blm.gov.

Click to sign up for our News Updates emailed each weekday

Copyright © 2010 Express Publishing Inc. 
All Rights reserved. Reproduction in whole or in part in any form or medium without express written permission of Express Publishing Inc. is prohibited. 

The Idaho Mountain Express is distributed free to residents and guests throughout the Sun Valley, Idaho resort area community. Subscribers to the Idaho Mountain Express will read these stories and others in this week's issue.