Geothermal Lease Recommended for Ormat Nevada
Idaho Department of Lands | State of IdahoState · Boise, ID- Disclosed value
- $310,000.00 premium bid; $10,220.16 annual rent; royalty rates of 3.5% for years 1–15, 4.0% for years 16–30, and 4.5% for years 31–49
- From agendapacket
- Document date
- Jun 16, 2026
- Term
- 49 years from April 16, 2026
- Renews
- Free account
The 30-second brief
The Idaho State Board of Land Commissioners recommended awarding geothermal lease H500005 to Ormat Nevada, Inc. for a $310,000 premium bid. The 49-year lease includes annual rent and graduated electrical power production royalties.
Ormat Nevada Inc holds this contract with Idaho Department of Lands | State of Idaho. Its other public contracts on record include work for Esmeralda County.
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Contract details
- Amount
- $310,000.00 premium bid; $10,220.16 annual rent; royalty rates of 3.5% for years 1–15, 4.0% for years 16–30, and 4.5% for years 31–49
- Document date
- June 16, 2026
- Term
- 49 years from April 16, 2026
- Renews
- On record
- Vendor
- Ormat Nevada Inc
- Source document
- Idaho State Board of Land Commissioners AgendaPacket Regular Meeting 2026-06-16 (AgendaPacket)
Ormat Nevada Inc's other public contracts
More Idaho Department of Lands | State of Idaho contracts
Questions about this contract
Who was awarded the government contract by Idaho Department of Lands | State of Idaho?
Ormat Nevada Inc was awarded this government contract by Idaho Department of Lands | State of Idaho, as recorded on June 16, 2026. The contract value is $310,000.00 premium bid; $10,220.16 annual rent; royalty rates of 3.5% for years 1–15, 4.0% for years 16–30, and 4.5% for years 31–49.
How much is the Ormat Nevada Inc contract with Idaho Department of Lands | State of Idaho worth?
The Ormat Nevada Inc contract with Idaho Department of Lands | State of Idaho is valued at $310,000.00 premium bid; $10,220.16 annual rent; royalty rates of 3.5% for years 1–15, 4.0% for years 16–30, and 4.5% for years 31–49.
What type of contract is this?
This is a government contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in Idaho State Board of Land Commissioners AgendaPacket Regular Meeting 2026-06-16 (AgendaPacket), dated June 16, 2026 from Idaho Department of Lands | State of Idaho. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Ormat Nevada Inc hold?
Ormat Nevada Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Idaho Department of Lands | State of Idaho currently buying?
Explore Idaho Department of Lands | State of Idaho's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.
