Filed by Automated Filing Services Inc. (604) 609-0244 - US Geothermal Inc. - Exhibit 99.14





  CONTRACT NO.                                            
  

  K2 Engineering: K2-USGEO_Contract_03’03  

	 	US Geothermal	K2 Engineering
	 	1509 Tyrell Lane, Suite B	PO Box 170240
	 	Boise, ID 83706	Boise, ID 83717



CONSULTING CONTRACT 


      THIS AGREEMENT, entered into this 1st
  day of March, 2003
  between US Geothermal, hereinafter referred
  to as THE CORPORATION, and Kevin Kitz, an independent contractor representing
  himself, hereinafter referred to as CONSULTANT. 

 WITNESSETH: That; 


I. SCOPE, FINANCIAL TERMS AND DURATION OF THE CONTRACT.



I.1. DESCRIPTION OF SERVICES OR WORK TO BE PERFORMED BY CONSULTANT


      CONSULTANT, from time to time shall provide
  consulting services as requested by THE CORPORATION and as described in separate
  Statements of Work that are executed by THE CORPORATION and CONSULTANT for each
  assignment that CONSULTANT accepts. Each Statement of Work that is executed
  by THE CORPORATION and CONSULTANT shall as a minimum specify the project, the
  performance period, the services to be provided, a fixed price or time and materials
  rate for the services, any applicable deliverables or milestones for the performance
  of the services, a statement that the Statement of Work is subject to the terms
  of this Agreement, and the signatures of the CONSULTANT and an officers of THE
  CORPORATION. All Statement of Work shall incorporate this Agreement by reference
  and shall be construed to be a part of this Agreement and subject to all the
  terms and conditions of this Agreement. 

      It is understood between the parties herein
  that no performance is required hereunder except after receipt by CONSULTANT
  of specific Statements of Work from THE CORPORATION, this Service Contract serving
  only to establish the terms and conditions of performance pursuant to any such
  instructions. Each set of such instructions shall be deemed a separate contract
  and transaction. 


I.2. ALTERATIONS


      I.2.1 No changes or alterations shall be made
  from instructions of THE CORPORATION unless first ordered and acknowledged by
  a representative of THE CORPORATION. CONSULTANT shall not be entitled to payment
  for changes and/or alterations unless same is made as above provided. Any changes
  and/or alterations which are made as above provided shall not in any way release
  any surety on any CONSULTANT'S bond furnished by CONSULTANT hereunder, if any.


      I.2.2 All notices required between the parties
  under any of the provisions of this Contract, shall, unless otherwise specifically
  provided, be given in writing by personal delivery or by Philippine registered
  mail or telegram, postage charge prepaid and addressed as follows to the principal
  party-signatory or his designated representative: 

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	THE CORPORATION:	Doug Glaspey
	 	US Geothermal
	 	1509 Tyrell Lane, Suite B
	 	Boise, ID 83706
	 	 
	CONSULTANT:	Kevin Kitz
	 	K2 Engineering
	 	PO BOX 170240
	 	Boise, ID 83716
	 	 
	 	phone: +1 (208) 336-6065
	 	fax: +1 (208) 344-3606
	 	e-mail kevin@kitzworks.com


 I.2.3. THE CORPORATION may assign this Agreement to a parent,
  subsidiary, affiliate, or successor in interest carrying on the business of
  the assigning party. 

 I.3. TERMS OF PAYMENT 

      I.3.1 As the sole consideration
  for the services specified in each Statement of Work, THE CORPORATION agrees
  to pay CONSULTANT for the work performed by CONSULTANT on either a fixed price,
  time and materials, or time and materials with a maximum rate basis, or other
  method, as specified in each Statement of Work. If THE CORPORATION agrees to
  pay for CONSULTANT's services on a time and material basis, then the rates shall
  be specified in the Statement of Work. 

      I.3.2 The rates specified in
  the Statement of Work shall be all-inclusive, including but not limited to,
  CONSULTANT’s self-financing of insurance, vacation, and retirement. 

      I.3.3 All valid expenses, as
  determined by THE CORPORATION’s written guidelines, incurred by CONSULTANT
  in the conduct of authorized work shall be reimbursed by THE CORPORATION, at
  cost plus 5%, upon submission of an expense statement with supporting documentation.


 I.4. TIME OF PAYMENT 

      CONSULTANT shall bill THE CORPORATION
  at THE CORPORATION'S address at the end of each month for all work performed
  and any expense reimbursement. Payment shall be made hereunder in the place
  of billing when all the work to be done by CONSULTANT has been accepted by THE
  CORPORATION as being in full compliance with all the terms, conditions, and
  requirements of this Contract. Upon approval by THE CORPORATION, CONSULTANT
  may elect to submit invoices to PGI twice a month for work performed. 

 I.5. TAXES 

      All US taxes, whether local
  or national, arising from CONSULTANT’S earnings under this Agreement will
  be solely for the account of CONSULTANT. THE CORPORATION will pay applicable
  foreign taxes including but not limited to value-added tax (VAT) and income
  tax for work performed outside of the US, if any. 

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I.6. LABOR, EQUIPMENT, MATERIALS, SUPPLIES AND SERVICES


      I.6.1 CONSULTANT guarantees
  that all work and labor to be performed under the terms of this Contract will
  be performed in strict accordance with all national and local laws, rules, regulations,
  orders, and ordinances. 

      I.6.2. CONSULTANT shall keep
  and maintain equipment furnished by THE CORPORATION in good condition, and upon
  the termination of the use of such equipment, turn over same to THE CORPORATION
  in as good condition as when received, subject, however, to ordinary wear and
  tear. 

      I.6.3. CONSULTANT shall examine
  before using, all materials, equipment and supplies furnished by THE CORPORATION
  for performance directed pursuant to this Contract, and will exercise reasonable
  diligence to report to THE CORPORATION any defects therein in time to allow
  THE CORPORATION to replace same without delaying the work. CONSULTANT shall
  not exclude or modify any express or implied warranties which would otherwise
  attach to such materials, equipment, or supplies, or to a product furnished
  by CONSULTANT, or waive any remedy available to THE CORPORATION or CONSULTANT
  as a consequence of any breach of such warranties. 

 I.7. DURATION OF CONTRACT 

      I.7.1 The Term of this contract
  is: 


  
     EFFECTIVE DATE OF CONTRACT: March
      1, 2003 

     EXPIRATION DATE OF CONTRACT: February
      29, 2008 

  



      I.7.2 This contract may be canceled
  by THE CORPORATION at any time upon fourteen- (14) days written notice to CONSULTANT,
  unless otherwise specified in a signed Statement of Work between the CORPORATION
  and the CONSULTANT. This contract may be canceled by CONSULTANT at any time
  upon fourteen (14) days written notice to THE CORPORATION, unless otherwise
  specified in a signed Statement of Work between the CORPORATION and the CONSULTANT.
  From and after the effective date of any termination of this Agreement, neither
  party shall have any rights and obligations hereunder except such rights and
  obligation as shall have accrued prior to said effective date, and CONSULTANT's
  obligations under Paragraphs III.1 and III.2 hereof shall survive termination
  of this Agreement. 

      I.7.3 This contract may be renewed
  or extended by mutual agreement.  

 I.8. FORCE MAJEURE 

      This Contract is subject to
  all national and local laws, order, rules and regulations and neither THE CORPORATION
  nor CONSULTANT shall be liable for any delay or damage due, occasioned or caused
  as a result of such laws, order, rules or regulations or by strikes, action
  of the elements or causes beyond the control of the parties, and any delay due
  to above causes or any of them shall not be deemed to be a breach of or failure
  to perform this Contract, or any part thereof, but the party hereunder that
  is rendered unable, wholly or in part, to carry out its obligations under this
  Contract shall give notice and full particulars of the cause of said delay in
  writing to the other party promptly after the occurrence of the cause relied
  upon and the cause of said delay so far as possible shall be remedied with all
  reasonable dispatch. THE CORPORATION shall not pay or be liable to CONSULTANT
  for any continuous period that normal operations cannot be carried out due to
  Force Majeure. 


I.9. GOVERNING LAW 


      This Agreement shall be governed by the laws
  of the State of Idaho. 

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1.10. ARBITRATION 


      All disputes arising out of
  or relating to this Agreement shall be referred to arbitration in accordance
  with the rules of the American Arbitration Association. The arbitration shall
  be held in Boise, Idaho. 

 II. RELATIONSHIP AND INDEMNIFICATION  

 II.1. INDEPENDENT CONSULTANT RELATIONSHIP 

      II.1.1 CONSULTANT shall be an
  independent CONSULTANT with respect to performance of all work hereunder. Neither
  CONSULTANT nor anyone employed by CONSULTANT shall be deemed for any purpose
  to be the employee, agent, servant, or representative of THE CORPORATION in
  the performance of any work or service or any part thereof in any manner dealt
  with hereunder. 

      II.1.2 NO BENEFITS. None of
  the benefits provided by THE CORPORATION to its employees, including but not
  limited to medical, life, accident or disability insurance, pensions, unemployment
  or worker's compensation or profit sharing plans, shall be available to CONSULTANT,
  or anyone employed by CONSULTANT, as a result of rendering services pursuant
  to this Agreement (other than benefits that accrued or vested prior to this
  Agreement, or are otherwise provided in a Statement of Work). 

 II.2. INDEMNIFICATION 

      II.2.1 THE CORPORATION agrees
  to release, protect, defend, indemnify and save CONSULTANT harmless from and
  against all claims, liabilities, demands, and causes of action of every kind
  and character, without limit, on account of bodily injury, death or damage to
  property, arising from or in connection with CONSULTANT'S performance under
  this Contract, so long as such injury, death, or damage was not due to CONSULTANT’S
  gross negligence. 

      II.2.2 PATENTS: For equipment,
  materials and processes supplied or used by THE CORPORATION or the CONSULTANT
  in connection with work under this agreement THE CORPORATION shall indemnify
  and hold the CONSULTANT hereto harmless from any and all claims, costs, damages,
  settlements, and the like for infringement or alleged infringement of patents
  or trade secret misappropriation based on such equipment, materials or processes.


      II.2.3 The CONSULTANT is liable
  for actual damages incurred by THE CORPORATION as a result of CONSULTANT’s
  gross negligence or knowing breach of the terms of this contract to a maximum
  of the amount of services billed by CONSULTANT to THE CORPORATION in the preceding
  12 months. 

 III RESPONSIBILITIES  

 III.1 CONFIDENTIALITY  

      III.1.1 CONSULTANT acknowledges
  that technical information pertaining to the projects described in Statements
  of Work and/or to THE CORPORATION’s other technology, as well as any business
  information relating to THE CORPORATION's business, which is developed or received
  by CONSULTANT in connection with CONSULTANT's work hereunder, or which is otherwise
  disclosed to CONSULTANT, either directly or indirectly, or orally or in writing,
  is the property, or proprietary business information of THE CORPORATION. CONSULTANT
  agrees to maintain such information in confidence and not to use such information
  other than in the course of the services to be rendered to THE CORPORATION pursuant
  to this Agreement. Furthermore, the results of CONSULTANT's work are deemed
  to be proprietary to THE CORPORATION. CONSULTANT shall prevent the disclosure
  to others of the technical and business information and the results of CONSULTANT's
  work for THE CORPORATION, and CONSULTANT shall not duplicate or use any technical
  information or results of the work for any purpose other than for performing


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 the services specified in this Agreement without first entering
  into a separate written agreement with THE CORPORATION authorizing the same.


     The foregoing obligations shall
  not apply to information or results which: 

      (1) were in the public domain
  prior to CONSULTANT's receipt of the same hereunder, or which subsequently become
  part of the public domain by publication or otherwise, except by CONSULTANT's
  wrongful act; or 

      (2) CONSULTANT can show were
  developed by CONSULTANT and were in its possession prior to its receipt of the
  same hereunder and were not acquired directly or indirectly from PGI; or 

      (3) CONSULTANT can show were
  rightfully received by it from a third party who did not acquire the same directly
  or indirectly from THE CORPORATION and who did not require CONSULTANT to maintain
  the same in confidence; it being understood that specific technical information
  disclosed by THE CORPORATION pursuant to the provisions of this Agreement or
  discovered in connection with CONSULTANT's work for THE CORPORATION shall not
  be deemed to be within any of the above exclusions merely because it is embraced
  by more general information within one of said exclusions. 

      III.1.2. THE CORPORATION FACILITIES.
  Any photographs or video images taken shall be treated as confidential information,
  subject to the terms of paragraph III.1.1, above. 

      III.2 INTELLECTUAL PROPERTY


      The performance of this Agreement
  may result in the development of new, proprietary, and secret concepts, methods,
  techniques, processes, adaptations, and ideas. Such developments shall be the
  property of THE CONSULTANT as provided below, without regard to their origin,
  and shall be subject to the terms of this Agreement. 

      III.2.1 INVENTIONS. Inventions
  discovered during the course of the work of the CONSULTANT for THE CORPORATION,
  shall be owned jointly by THE CORPORATION and the CONSULTANT, if the invention
  is made by representatives of both THE CORPORATION and the CONSULTANT. An invention
  shall be owned solely by the CONSULTANT, if the CONSULTANT is the sole inventor,
  even if the invention is made during the course of work by the CONSULTANT for
  THE CORPORATION. 

      III.2.2 WORKS OF AUTHORSHIP.
  With respect to all original works of authorship (including but not limited
  to technical papers, photographs and computer software) created by CONSULTANT,
  either alone or with others, during the course of services for THE CORPORATION,
  the parties agree that such works are not "works for hire" as defined in the
  United States Copyright Law and CONSULTANT agrees to assign, and hereby assigns
  to THE CORPORATION the entire right, title and interest thereto, including but
  not limited to any copyrights therein. 

 III.3. RESPONSIBILITY ON HEALTH AND SAFETY 

      The CONSULTANT shall abide by
  all the rules on occupational health and safety procedures prescribed and furnished
  in writing by THE CORPORATION; 

      In this regard, THE CORPORATION
  has the right to halt any activity where CONSULTANT is not in accordance with
  safe operating procedures. Grave violation of the above provision on the observance
  of safety procedures shall be a ground for the early termination of this Contract.


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III.4. RESPONSIBILITY ON SECURITY 


      The CONSULTANT shall abide by
  all written security policies, rules, and regulations being provided by THE
  CORPORATION. It shall be the responsibility of CONSULTANT to: 

      III.4.1 Wear the proper identification,
  issued by THE CORPORATION, at all times. 

      III.4.2 Entry onto THE CORPORATION’S
  property constitutes consent to an inspection of one’s person and personal
  effects when entering or leaving THE CORPORATION’S property. Refusal to
  permit an inspection shall be a ground’s for the early termination of this
  Contract. 

 III.5. DRUG AND ALCOHOL POLICY 

      CONSULTANT agrees to the following
  terms while on THE CORPORATION’S premises concerning alcohol and drugs:


      (1) The use, possession, sale,
  transfer, or purchase of illegal drugs is prohibited. 

      (2) The presence in one's blood
  of more than 0.08% alcohol is prohibited. 

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 IN WITNESS WHEREOF, the parties have executed this AGREEMENT
  in two (2) copies as of the day and year first above written. 

	K2 ENGINEERING	 	US Geothermal
	 	 	 	 
	 	 	 	 
	 	 	 	 
	BY:	    Kevin Kitz	BY:	Doug Glaspey
	 	CONSULTANT	 	                COO
	 	 	 	 
	WITNESS (if required)	 	WITNESS (if required)
	 	 	 	 
	__________________________	 	__________________________




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