21.2.2007: Meldung: Ormat Technologies, Inc.: Approval of Nevada Regulators for Power Purchase Agreement

Ormat Technologies" Power Purchase Agreement with Nevada Power Company Receives Approval of Nevada Regulators
Tuesday February 20, 8:06 am ET

RENO, Nevada, Feb. 20 / Ormat Technologies, Inc. today announced that two 20-year Power Purchase Agreements (PPAs) signed between Nevada Power Company, a subsidiary of Sierra Pacific Resources and two of its subsidiaries, that were previously announced in a press release issued on August 3, 2006, received the approval of the Public Utilities Commission of Nevada. Under these PPAs, Ormat"s Buffalo Valley Project in Lander County and Carson Lake Project in Churchill County will produce between 18 MW and 30 MW each for Nevada Power. The two new power plants are expected to begin commercial production by the end of 2009. Sierra Pacific Power will receive the energy from these two power plants until a transmission line between Sierra Pacific Power and Nevada Power is completed in 2011.


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. Ormat is a pioneer in Organic Rankine Cycle (ORC) technology and a leader in the manufacture of ORC power equipment.

It also designs, develops and builds, and owns and operates, 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 approximately 70 patents. Ormat currently operates the following geothermal power plants: in the United States -- Brady, Heber, Mammoth, Ormesa, Puna and Steamboat; in the Philippines -- Leyte; in Guatemala -- Zunil; in Kenya -- Olkaria; and in Nicaragua -- Momotombo. In the U.S., Ormat owns and operates four OREG1 Recovered Energy Generation plants.


Ormat Technologies Contact: Investor Relations Contact:
Dita Bronicki Todd Fromer / Marybeth Csaby
CEO and President KCSA Worldwide
+1-775-356-9029 +212-896-1215 / 212-896-1236
dbronicki@ormat.com tfromer@kcsa.com / mcsaby@kcsa.com


Source: Ormat Technologies, Inc.
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