18.8.2006: Meldung: Ormat Technologies Announces Closing of Acquisition

Ormat Technologies, Inc. today announced that an Ormat subsidiary completed the acquisition of partnership interests in Orzunil I de Electricidad, Limitada (which owns the Zunil Geothermal Project in Guatemala) from CDC Group plc. (whose interest has been managed by Globeleq, Inc.) and International Finance Corporation. The two acquisitions were previously announced in press releases issued by Ormat Technologies on May 2 and July 26, 2006, respectively.

Upon the consummation of the above mentioned acquisitions, Ormat has become the sole owner of the Zunil Project.

About Ormat Technologies

Ormat Technologies, Inc. is a vertically integrated company primarily engaged in the geothermal and recovered energy power business. The Company designs, develops, builds, owns and operates geothermal power plants.

It also designs, develops and builds, and plans to own and operate, recovered energy-based power plants. Additionally, the Company designs, manufactures and sells geothermal and recovered energy power units and other power generating equipment, and provides related services. Ormat products and systems are covered by more than 70 patents. Ormat currently operates the following geothermal power plants: in the United States -- Brady, Desert Peak, Heber, Mammoth, Ormesa, Puna and Steamboat; in the Philippines -- Leyte; in Guatemala -- Zunil; in Kenya -- Olkaria; and in Nicaragua -- Momotombo.

Ormat Technologies Contact; Investor Relations Contact:
Dita Bronicki Todd Fromer/Marybeth Csaby CEO and President KCSA Worldwide 775-356-9029 212-896-1215/212-896-1236 dbronicki@ormat.com tfromer@kcsa.com/mcsaby@kcsa.com
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