Ormat Technologies, Inc. Secures Geothermal Rights in Alaska
11 Setembro 2008 - 1:18PM
PR Newswire (US)
RENO, Nev., Sept. 11 /PRNewswire-FirstCall/ -- Ormat Technologies,
Inc. (NYSE:ORA) today announced that it has secured geothermal
rights for approximately 35,000 acres of land to explore geothermal
energy in the vicinity of Anchorage, Alaska's largest city, for a
total purchase price of approximately $3.3 million. (Logo:
http://www.newscom.com/cgi-bin/prnh/20040422/LATH066LOGO) Ormat won
15 of the 16 tracts offered for lease on Mount Spurr, a snowcapped
11,070-foot (3,374 meters) volcano, 75 miles (120 km) west of
Anchorage. Mount Spurr is in an active volcanic region. This
increases the likelihood of finding a large geothermal field,
compared to the more mature geological structures of Nevada and
California. Commenting on the Company's recent news, Lucien
Bronicki, Chairman and Chief Technology Officer, stated, "Alaska is
a new frontier in the geothermal arena with many technological and
logistical challenges. Our global experience, particularly in
Hawaii, and the support of the local Government along with the
collaboration of other local stakeholders, will turn this challenge
into an opportunity." Mr. Bronicki continued, "Alaska has a special
significance to Ormat that dates as far back as 1975 when we
supplied 100 remote gate valve power systems used for protection of
the environment along the TransAlaska pipeline which have been
operating continuously for more than 30 years. Even the first
geothermal unit developed by Ormat was for the University of
Fairbanks for 130 deg Fahrenheit water at the Manley Hot Spring. We
have been a friend to Alaska for many years now and we are up to
the challenge of creating the State's first large-scale geothermal
power plant." About Ormat Technologies Ormat Technologies, Inc. is
the only vertically-integrated company primarily engaged in the
geothermal and recovered energy power business. The Company
designs, develops, owns and operates geothermal and recovered
energy-based power plants around the world. Additionally, the
Company designs, manufactures and sells geothermal and recovered
energy power units and other power-generating equipment, and
provides related services. The Company has more than four decades
of experience in the development of environmentally-sound power,
primarily in geothermal and recovered-energy generation. Ormat
products and systems are covered by more than 75 patents. Ormat
currently operates the following geothermal and recovered
energy-based power plants: in the United States -- Brady, Heber,
Mammoth, Ormesa, Puna, Steamboat and OREG 1; in Guatemala -- Zunil
and Amatitlan; in Kenya -- Olkaria; and in Nicaragua -- Momotombo.
Safe Harbor Statement Information provided in this press release
may contain statements relating to current expectations, estimates,
forecasts and projections about future events that are
"forward-looking statements" as defined in the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
generally relate to Ormat's plans, objectives and expectations for
future operations and are based upon its management's current
estimates and projections of future results or trends. Actual
future results may differ materially from those projected as a
result of certain risks and uncertainties. For a discussion of such
risks and uncertainties, see "Risk Factors" as described in Ormat
Technologies, Inc.'s Annual Report on Form 10-K filed with the
Securities and Exchange Commission on March 5, 2008. These
forward-looking statements are made only as of the date hereof, and
we undertake no obligation to update or revise the forward-looking
statements, whether as a result of new information, future events
or otherwise. Ormat Technologies Contact: Investor Relations
Contact: Dita Bronicki Todd Fromer / Marybeth Csaby CEO KCSA
Strategic Communications 775-356-9029 212-896-1215/212-896-1236 /
http://www.newscom.com/cgi-bin/prnh/20040422/LATH066LOGO
http://photoarchive.ap.org/ DATASOURCE: Ormat Technologies, Inc.
CONTACT: Dita Bronicki, CEO of Ormat Technologies, Inc.,
+1-775-356-9029, ; or Investor Relations, Todd Fromer,
+1-212-896-1215, , or Marybeth Csaby, +1-212-896-1236, , both of
KCSA Strategic Communications, for Ormat Technologies, Inc. Web
site: http://www.ormat.com/
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