EIG Global Energy Partners Acquires NGP's Nevada Project
Vancouver-based renewable energy developer Nevada Geothermal Power Inc. (NGP) has transferred ownership of its Blue Mountain Geothermal Project in Nevada to EIG Global Energy Partners, a U.S. private equity firm focused on the energy sector. EIG had previously been the mezzanine provider to the project. As part of the transaction, NGP received C$500,000. Effective in April 2013, the company will change its name to Alternative Earth Resources Inc.
2 April 2013•3 mins read
