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BLM geothermal sale nets $456,000

By ThisIsReno

BLM NEWS RELEASE

The Bureau of Land Management (BLM) generated $456,353 during a competitive geothermal lease sale lease sale held in Reno today, selling 17 parcels that comprised 42,627 acres.

A Churchill County parcel received the highest bid per acre at $60 and was also the highest bid for a parcel at $253,680 from Ormat Nevada, Inc., of Reno.  Second highest bid was $29,370 by TGP Development Company LLC, San Diego, Calif., at $6 per acre for a 4,894-acre parcel in Mineral County.

The sale offered 51 parcels in Nevada totaling 151,119 acres.  Of the 17 parcels sold, 12 were for $2 per acre. The 34 parcels not sold during the competitive bid sale will be available non-competitively on Wednesday for $2 per acre.

Parcels sold by county were four in Churchill, three in Esmeralda, three in Eureka, two in Mineral, and one each in Lander, Elko, Humboldt and Washoe.

Additional sale information is posted on-line at: www.blm.gov/nv/st/en.html.

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