27.4.2006: Meldung: Ormat Funding Corp Announces Successful Consummation

Ormat Funding Corp. (the "Company"), a wholly owned subsidiary of Ormat Technologies, Inc. , today announced the successful consummation of the consent solicitation launched on April 17, 2006 relating to the Company"s 8 1/4% Senior Secured Notes due December 30, 2020, CUSIP Number: 686685AB4.

Holders of more than 51% of the aggregate principal amount of outstanding Notes have delivered and not revoked their valid consents. The consent solicitation has now expired, effective at 5:00 p.m. New York City time, April 26, 2006. As provided in the consent solicitation, the Company will now proceed to execute a supplement to the Indenture governing the Notes (in the form included in the consent solicitation) to give effect to the amendments and waivers for which consent was solicited and so received.

Lehman Brothers Inc acted as the Solicitation Agent for the consent solicitation. Union Bank of California, N.A., served as the Tabulation and Information Agent for the consent solicitation.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

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 Funding Corp"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 Funding Corp"s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 27, 2006.

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 Funding Corp. Ran Raviv 1-775-823-5400 rraviv@ormat.com
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