Re: Binding Letter of Intent for Bridge Financing and EPC AgreementEngineering, Procurement and Construction Contract • August 4th, 2005 • Us Geothermal Inc • Electric services • Delaware
The purpose of this letter (this "Letter") is to set forth certain binding understandings and agreements between Ormat Nevada, Inc., a Delaware corporation ("Ormat"), and US Geothermal, Inc., an Idaho corporation ("US Geothermal") with respect to Ormat's providing interim financing and construction services and supply of equipment for US Geothermal in connection with US Geothermal's proposed geothermal power generation project to be located in the Raft River Geothermal Resource Area in Idaho (the "Project") on the terms set forth below.
