UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549



FORM 20-F/A

Amendment #1



[ ]

REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g)OF THE SECURITIES EXCHANGE ACT OF 1934

OR

[X]

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended June 30, 2005

OR

[ ]

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ____________ to __________

OR

[ ]

SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of event requiring this Shell Company report





SEC File Number: 000-49917



NEVADA GEOTHERMAL POWER INC.

(Formerly Continental Ridge Resources Inc.)

(Exact name of Registrant as specified in its charter)



British Columbia, Canada

(Jurisdiction of incorporation or organization)



409 Granville Street, #900, Vancouver, British Columbia, Canada  V6C 1T2

(Address of principal executive offices)



Securities to be registered pursuant to Section 12(b) of the Act:

None



Securities to be registered pursuant to Section 12(g) of the Act:

Common Shares, without par value

(Title of Class)



Securities for which there is a reporting obligation pursuant to Section

15(d) of the Act:                                                               None



Indicate the number of outstanding shares of each of the issuer's classes of capital or common stock as of the close of the period covered by the annual report.                                                             29,403,074



Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.   Yes ___     No   xxx



Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 12 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past ninety days.            Yes xxx   No ___



Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer or a non-accelerated filer.  See definition of accelerated filer and large accelerated filer in Rule 12b-2 of the Exchange Act.



Large accelerated filer __ Accelerated filer _Non-accelerated filer  xxx





Indicate by check mark which financial statement item the registrant has elected to follow:                             Item 17 xxx   Item 18 ___



If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes __No xxx







EXPLANATORY NOTE



This Amendment No. 1 to our Form 20-F Annual Report for the fiscal year ended June 30, 2005 is being filed for the purpose of amending Item 4.D, Property, Plant and Equipment with respect to the correcting the annual Property Expenditure requirements for the Blue Mountain and Black Warrior projects. This amendment hereby replaces Item 4.D in the Companys original Form 20-F Annual Report filed on January 13, 2006.







4.D.  Property, Plant and Equipment



Executive Offices

The Companys executive offices are located in shared, rented premises of approximately 2,100 sq. ft. at 409 Granville Street, Suite 900, Vancouver, British Columbia, Canada. V6C 1T2.  The Company began occupying these facilities in 4/1/2002.  Monthly rent is $1,850.





Blue Mountain Geothermal Project

Geothermal Energy Exploration, Nevada, USA



Property Acquisition.The Company entered into a 6/19/2001 option agreement, as amended 8/7/2002 and 11/12/2002, with Blue Mountain Power Company Inc. (BMP) a 60% joint venture interest in the Blue Mountain Geothermal Project.  Under this agreement, the Company paid $10,000, issued 200,000 common shares to BMP, and expended funds on exploration.



By an acquisition agreement dated 12/13/2002, the Company acquired 100% of Blue Mountain Power Company Inc. by the issue of 5,500,000 common shares (transaction shares) of the Company.  The acquisition was completed 7/30/2003.  The transaction shares are subject of a four-month hold period and an escrow restriction as determined by the TSX Venture Exchange.  This transaction replaced the earlier option agreement.  The Company and BMP are not dealing at arms length since certain directors and officers of the Company, specifically Brian Fairbank (Company President/Director) and Jack Milligan (Company Director) were also directors/officers and major shareholders of BMP.



Property Description/Location/Access.The geothermal tenure of the property is held by the Company through Noramex Corp., a wholly-owned subsidiary of Blue Mountain Power Company, acquired by the Company in July 2003.



The Company has a 100% interest (subject to royalties) on underlying leases which are leased from Nevada Land and Resource Council (NLRC), Burlington Northern Santa Fe (BNSF), and the federal Bureau of Land Management (BLM). The Company also has applied for 2 additional leases from the BLM. The details of these leases which comprise the project are as follows:



|Ownership | Acreage  | Effective
Date | Expiry
Date | Rental Costs
per
acre per year | Expenditures
per year
|--------- | -------- | -------------- | ----------- | ------------------------------ | ---------------------
|          |          |                |             |                                |                      
|BNSF      | 640.00   | 03/01/04       | 02/29/14    | (1)                            | (1)                  
|BNSF      | 640.00   | 03/01/04       | 02/29/14    | (1)                            | (1)                  
|NLRC      | 638.80   | 03/31/03       | 03/30/13    | (2)                            | (2)                  
|NLRC      | 640.00   | 03/31/03       | 03/30/13    | (2)                            | (2)                  
|NLRC      | 640.00   | 03/31/03       | 03/30/13    | (2)                            | (2)                  
|NLRC      | 640.00   | 03/31/03       | 03/30/13    | (2)                            | (2)                  
|BLM       | 663.76   | 04/01/04       | 03/31/14    | (3)                            | (3)                  
|BLM       | 654.68   | 08/01/04       | 07/31/14    | (3)                            | (3)                  
|BLM       | 654.88   | 08/01/04       | 07/31/14    | (3)                            | (3)                  
|BLM       | 649.44   | 08/01/04       | 07/31/14    | (3)                            | (3)                  
|BLM       | 672.24   | 08/01/04       | 07/31/14    | (4)                            | (4)                  
|BLM       | 666.70   | 08/01/04       | 07/31/14    | (4)                            | (4)                  
|BLM       | 650.32   | Pending        | Pending     | (5)                            | (5)                  
|BLM       | 650.32   | Pending        | Pending     | (5)                            | (5)                  
|Total     | 9,101.14 |                |             |                                |                      



(1)

The Burlington Northern Santa Fe leases have payments of $5 per acre per year.



(2)

The NLRC leases have rental costs of $2 per acre in years 1 through 4; $6 per acre in years 5-10 +3% in year 7. Property Expenditure requirements are $10,000 in year 1; $20,000 in year 2; $50,000 in years 3 and 4; and $100,000 per year in subsequent years.



(3)

These BLM leases are production leases. Minimum Royalty, rather than lease rental, is due each year. Minimum Royalty is $2 per acre.



(4)

The Rental fees on these BLM leases are $1 per acre, $4 in year 6, $6 in year 7, $8 in year 8, $10 in year 9, and $12 in year 10. An extra 3% of the annual rental fee is due in each year between year 6 and year 10.



(5)

These BLM leases are currently pending. The length of the leases are 10 years. Rental costs are $1 per acre, $4 in year 6, $6 in year 7, $8 in year 8, $10 in year 9, and $12 in year 10. An extra 3% of the annual rental fee is due in each year between year 6 and year 10.



The BNSF leases have no automatic renewal clauses. The BLM leases are renewable if the for five years if the Company is drilling when the primary term ends and the drilling is being diligently conducted to a reasonable target, based upon the local geology.



Royalties on the BNSF leases are:

a)

5% from the sale of geothermal energy, less any sales, excise or other taxes imposed on the sale, and less the cost of transportation or transmission to the point of sale;

b)

2% on the sale from the manufacture of any byproduct, less taxes and transportation costs;

c)

1.5-2.0% from the sale of electric power from geothermal energy, dependent upon the type of generating technology used, less taxes and transportation costs;

d)

5% from the use of geothermal energy at a commercial facility other than as an electric power generating facility.



Royalties due on the NLRC leases 3.5% of the gross revenues from the sale or use of electrical power, and 10% for the use of geothermal energy for by-products and non-electric products or commercial production. The Company may purchase the NLRCs royalty interest at any time not later than 6 months from the commencement of commercial production for US$1,000,000.



Royalties on the BLM leases are 5% on the sale of byproducts, and 10% on steam, heat, or energy sales.



The property is located in Humboldt County of north-central Nevada about 20 miles west of the town of Winnemucca. From Winnemucca, the site is accessible year-round via the Jungo Road, an adequately maintained gravel county road that passes south of Blue Mountain.  From the Jungo Road at a point just west of Blue Mountain a dirt road leads north along the eastern edge of the valley providing good access to the entire lease area.



The site is at an elevation of about 4300 feet above sea level on the western pediment of Blue Mountain and the flat basin of Desert Valley.  Bedrock outcrops are abundant at the base of the mountain in the eastern parts of Sections 12, 14 and 23 but are absent on the desert flat to the west, which is mantled in alluvium.  Terrain in the principal area of interest is regular and most of the property is readily accessible by vehicle.



Local vegetation consists of arid land or desert plants such as sagebrush, bunch grass and a few other small shrubs.  The climate is typical of the Basin and Range Desert: hot dry summers and cold winters with occasional snowfalls.  The area is also sporadically subject to high winds.



PumperNickel Geothermal Project

Geothermal Energy Exploration, Nevada, USA

In February 2004, the Company signed a Geothermal Lease Agreement with Newmont USA Limited, d.b.a. Newmont Mining Corporation (NYSE: NEM) (hereafter Newmont), covering five square miles of geothermal lands located in Humboldt County, north-central Nevada approximately ten miles from Newmonts Lone Tree Mine.  The Company has filed lease applications on an additional four sections of federal land. The Company currently has a 100% interest (subject to production royalties) in 5 leases and has applied for a 100% interest in an additional 4 leases which are pending. The details of these leases, which comprise the project, are as follows:



#







|Ownership | Acreage  | Effective
Date | Expiry
Date | Rental Costs
per
acre per year | Expenditures
per year
|--------- | -------- | -------------- | ----------- | ------------------------------ | ---------------------
|Newmont   | 615.09   | 02/13/04       | 02/13/14    | (1)                            | (1)                  
|Newmont   | 612.06   | 02/13/04       | 02/13/14    | (1)                            | (1)                  
|Newmont   | 640.00   | 02/13/04       | 02/13/14    | (1)                            | (1)                  
|Newmont   | 643.70   | 02/13/04       | 02/13/14    | (1)                            | (1)                  
|Newmont   | 640.00   | 02/13/04       | 02/13/14    | (1)                            | (1)                  
|BLM       | 640.00   | Pending        | Pending     | (2)                            | (2)                  
|BLM       | 600.00   | Pending        | Pending     | (2)                            | (2)                  
|BLM       | 640.00   | Pending        | Pending     | (2)                            | (2)                  
|BLM       | 640.00   | Pending        | Pending     | (2)                            | (2)                  
|Total     | 5,670.85 |                |             |                                |                      



(1)

The Newmont leases require the Company to pay rentals of $2/acre in each of the first 2 years, and $3 per acre per year thereafter. All rental payments are creditable against royalties due upon production.



(2)

The leases on BLM land are currently pending. The length of the leases are 10 years. Rental costs are $1 per acre, $4 in year 6, $6 in year 7, $8 in year 8, $10 in year 9, and $12 in year 10. An extra 3% of the annual rental fee is due in each year between year 6 and year 10.



The Newmont lease grants the Company the exclusive right to drill for, produce, extract, take and remove all products of geothermal processes including steam and other gases, hot water, hot brines, bi-products and heat energy (collectively referred to as substances) along with surface and water rights, subject to Nevada law.  The Company will pay royalties from any geothermal production of: a) 31⁄2% of gross proceeds from electrical power sales (less taxes and transmission costs); b) 5% of the gross proceeds of a sale of any substances in an arms length transaction; c) 2% of the gross proceeds from the sale of or manufacture there-from of bi-products; d) 10% of net profits from the use of substances at a commercial facility other than an electric power generating facility (such as an vegetable drying/processing facility). Substances or electrical power used by the Company for operations at an on-site electrical generating plant or other commercial facilities are not subject to royalties.



Royalties on the BLM leases are 5% on the sale of byproducts, and 10% on steam, heat, or energy sales.



A near-boiling hot spring system occurs on the newly acquired leases.  The chemistry of several hot springs, which occur along a one-mile interval of a prominent fault, predicts deeper geothermal source-water temperatures of about 170°C or 340°F. Geothermal fluids at 170°C are currently used to produce electricity on a commercial basis at other locations in Nevada such as Steamboat, Bradys Hot Springs, Beowawe, and Desert Peak.



Nevadas geothermal output is expected to increase significantly in the next decade to meet burgeoning demand for cheaper power and to comply with renewable portfolio legislation requiring the percentage of renewable electricity produced in the State to increase from a current 5% to 15% in ten years.



In October 2004, Inovision Solutions Inc. (ISI), a Toronto Venture Exchange-listed company, signed an agreement whereby they will fund up to $5,000,000 in exploration expenditures for the Pumpernickel Geothermal Project under an option agreement to earn a 50% joint venture interest.  In order to earn its interest, ISI must complete $5,000,000 in project expenditures, make $120,000 in cash payments and issue 600,000 shares to the Company over a five-year period.  In the first year, ISI must fund a $400,000 work program, issue 100,000 shares and make a $10,000 cash payment to maintain its option.  The Company will be project manager.

#





In addition, the Company has been awarded a US Department of Energy (DOE) cost sharing contract signed on 10/13/2004 whereby DOE will fund 80% of an initial field evaluation program at the Pumpernickel Project.  The Noramex/DOE joint program will include an advanced technology, three-dimensional E-SCAN resistivity survey to map the deep geothermal resource waters and six temperature gradient drill holes to 250 meters to test the E-SCAN interpretation.  The DOE cost share is US$692,272 of the total budget of US$740,340.  ISI will cover the Companys cost share obligation of US$148,068 out of the first year work commitment.  The Company will manage the DOE sponsored work.  Combined funding to come from ISI and DOE for the 2005 Pumpernickel Project work equals $1,335,000 or US$1,037,000.



The Pumpernickel Project has the potential for the discovery of a high temperature reservoir suitable for electric power generation.  Hot springs issue from a 1.6 kilometer interval of the Pumpernickel Fault System.  The chemistry of the hot springs indicates probable source water temperatures of 160-200°C.  A production test well by Magma Power drilled in 1974 measured 135°C at the maximum depth reached of 920 meters.  Temperatures near the bottom of the Magma well are increasing at a rate of 16°C/100 meters of depth; therefore the 160-200°C resource temperatures predicted by spring chemistry could occur within 1100-1320 meters of surface near this location.



Black Warrior Geothermal Project

Geothermal Energy Exploration, Nevada, USA

Subsequent to the end of fiscal 2004 in October 2004, the Company acquired a 100% interest (subject to royalties) on leases seven private leases and has made application on two federal geothermal leases south and east of Black Warrior Peak, Washoe County, Nevada. Leases include surface and water rights.



The details of these leases which comprise the project are as follows:



|Ownership | County
Located | Acreage  | Effective
Date | Expiry
Date | Rental Costs
per
acre per year | Expenditures
per year
|--------- | -------------- | -------- | -------------- | ----------- | ------------------------------ | ---------------------
|          |                |          |                |             |                                |                      
|NLRC      | Washoe         | 695.01   | 08/01/04       | 07/31/14    | (1)                            | (1)                  
|NLRC      | Washoe         | 700.52   | 08/01/04       | 07/31/14    | (1)                            | (1)                  
|NLRC      | Churchill      | 754.24   | 08/01/04       | 07/31/14    | (1)                            | (1)                  
|NLRC      | Washoe         | 615.52   | 08/01/04       | 07/31/14    | (1)                            | (1)                  
|NLRC      | Washoe         | 440.00   | 08/01/04       | 07/31/14    | (1)                            | (1)                  
|NLRC      | Churchill      | 695.01   | 08/01/04       | 07/31/14    | (1)                            | (1)                  
|NLRC      | Churchill      | 640.00   | 08/01/04       | 07/31/14    | (1)                            | (1)                  
|BLM       | Washoe         | 566.40   | Pending        | Pending     | (2)                            | (2)                  
|BLM       | Churchill      | 640.00   | Pending        | Pending     | (2)                            | (2)                  
|          | Total          | 5,746.70 |                |             |                                |                      



(1)

The leases from NLRC have rental costs of $2 per acre in years 1 through 4; $6 per acre in years 5-10 +3% in year 7. Property Expenditure requirements are $10,000 in year 1; $20,000 in year 2; $50,000 in years 3 and 4; and $100,000 per year in subsequent years. Royalties due on the NLRC leases 3.5% of the gross revenues from the sale or use of electrical power. The Company has the right to purchase the royalty for US$1,000,000 not later than 6 months from the commencement of commercial production.



(2)

The leases on BLM land are currently pending. The length of the leases are 10 years. Rental costs are $1 per acre, $4 in year 6, $6 in year 7, $8 in year 8, $10 in year 9, and $12 in year 10. An extra 3% of the annual rental fee is due in each year between year 6 and year 10. Royalties on the BLM leases are 5% on the sale of byproducts, and 10% on steam, heat, or energy sales.

Crump Geyser Property

The Crump Geyser Property is a hot spring system in southern, Oregon which consists of 6500 acres. The Company acquired these geothermal leases on August 9, 2005. The leases are on private land and the Company has free access on the surface for exploration and development and the right to lease land required for the plant site, production well field, pipelines and transmission line right of ways.



At Crump Geyser, a 1680-foot deep well drilled by Magma Power Company (in 1959) spontaneously erupted a few days after it was abandoned by Magma. The well flowed 500 gallons/minute (30 litres/second) of boiling water 200 feet into the air continuously for 6 months before reverting to a geyser erupting at regular intervals. In the 1960s the well was plugged with rocks stemming the geyser flow, however boiling water still rumbles at depth and boiling water bubbles to the surface.



The Crump Geyser is located in the Warner Valley, Lake County, immediately and north of Adel, Oregon, 30 miles east of Lakeview, Oregon or 175 miles north of Winnemucca, Nevada. It is within the northern part of the Basin and Range rift terrain which also hosts the Companys Blue Mountain geothermal project. A relatively thin earth crust, high heat flow and deep penetrating extensional faults characterize the Basin and Range region. The Crump Geyser and main hot springs occur on the NGP geothermal leases over a four mile interval along the western edge of Warner Valley and out into the valley a distance of about 3000 feet. A separate 2600 acre area under lease to the Company, called the northern geothermal zone, covers extensive hot springs also occurring along prominent segmented extensional faults. Regional transmission lines into Warner Valley connect to the Western Area Transmission Grid. The property is readily accessible by a paved highway, which runs through the property.



















































SIGNATURE PAGE











Pursuant to the requirements of Section 12g of the Securities Exchange Act of 1934, the Registrant certifies that it meets all of the requirements for filing on Form 20-F and has duly caused this amended Annual Report to be signed on its behalf by the undersigned, thereunto duly authorized.



Nevada Geothermal Power Inc.; SEC File No. 000-49917

Registrant







|Dated: April 20, 2006 | By:  /s/ Brian D. Fairbank               
|--------------------- | -----------------------------------------
|                      | Brian D. Fairbank,
President/CEO/Director