Ormat Technologies Signs Contract to Supply a Bottoming Cycle Power Unit to Geothermal Power Project in the Western Part of the United States

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Ormat Technologies (ORA) has signed a contract to supply a 10 MW Ormat Energy Converter (OEC) power unit. The contract is in the amount of $11,500,000. Since beginning operations in Nevada with the supply of a 760 kW geothermal plant in Lyon County, Ormat has supplied or installed approximately 800 MW of geothermal and recovered energy power plants in 23 countries, and has grown to own six U.S. geothermal facilities with a total of approximately 300 MW of generating capacity. The existing plant, to which an additional OEC will be added, uses single- flash technology to produce approximately 23 MW net of power to the grid. That plant utilizes only steam, which is separated from the brine and delivered to the plant, while the brine is reinjected into the ground. Ormat’s technology enables recovery of heat from the brine before reinjection and utilizes it to generate 10 MW of additional power in the Ormat Energy Converter (OEC) without additional resource or wells. The OEC power unit will be delivered in the second quarter of 2007 for installation adjacent to the existing plant. [ more ]

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