Ormat Technologies Commissions the First Two Facilities of the OREG 2 Project
12 Fevereiro 2009 - 1:08PM
PR Newswire (US)
RENO, Nev., Feb. 12 /PRNewswire-FirstCall/ -- Ormat Technologies,
Inc. (NYSE:ORA), today announced that two of the four facilities in
the OREG 2 Recovered Energy Generation (REG) project reached
commercial operation in December 2008 and January 2009,
respectively. (Logo:
http://www.newscom.com/cgi-bin/prnh/20040422/LATH066LOGO) The OREG
2 project is Ormat's second REG project located along the Northern
Border natural gas pipeline. The project consists of four power
plants that will have a net capacity of 5.5 MW each and will
convert the recovered waste heat from the exhaust of existing gas
turbines at compressor sites into electricity. The remaining two
facilities are scheduled to be completed by the end of 2009. "We
are very happy to bring additional power through the use of
recovered energy generation technology and contribute to the
important goal of emission reduction," said Dita Bronicki, Chief
Executive Officer of Ormat. The output supplied from the two
facilities will be sold to Basin Electric Power Cooperative (BEPC)
of Bismarck, North Dakota and will bring the total owned generating
capacity of Ormat's REG portfolio to 33 MW. The ORMAT(R) REG
facilities consist of ORMAT(R) ENERGY CONVERTERS (OEC) based on
Organic Rankine Cycle technology, which converts recovered heat to
electric power without the need for any additional fuel or water.
The OEC units are environmentally benign, as they have no emissions
of CO2 or NOX. 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 U.S. patents.
Ormat's current generating portfolio includes 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; in
Nicaragua - Momotombo and in New Zealand - GDL. 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 and Quarterly
Report on Form 10-Q filed with the Securities and Exchange
Commission on November 6, 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 (Todd) /212-896-1236 (Marybeth) /
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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