Bussiness News

We are pleased to report there were no injuries to plant's staff. Preliminary inspection shows no substantial equipment damage; however, the plant will require a thorough clean up prior to restarting.

Lucien Bronicki chairman of Ormat said, "Our concern and thoughts are with the refugees and adjacent communities of San Francisco de Sales, San Jose Caldera, El Cedro, and El Bejucal. Many homes were damaged and many people in these communities were severely impacted by the eruption."

The Company is in the process of assessing how long it will take to clean the equipment and repair minor damage in order to bring the power plant back on line.

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 75 U.S. patents. Ormat has engineered and built power plants, that it currently owns or has supplied to utilities and developers worldwide, totaling approximately 1300 MW of gross capacity. Ormat's current generating portfolio includes the following geothermal and recovered energy-based power plants: in the United States - Brady, Brawley, Heber, Mammoth, Ormesa, Puna, Steamboat, OREG 1, OREG 2 and Peetz; in Guatemala - Zunil and Amatitlan; in Kenya - Olkaria III; and, in Nicaragua - Momotombo.