27.7.2006: Meldung: Ormat Technologies, Inc.: Zunil Geothermal Project in Guatemala

Ormat Technologies Achieves First Completion Stage to Become Sole Owner of the Zunil Geothermal Project in Guatemala
Wednesday July 26, 7:54 am ET

RENO, Nevada, July 26 -- Following the press releases dated May 2 and June 25, 2006, Ormat Technologies, Inc. today announced completion of the first stage for consummation of the purchase of each of CDC Group plc"s and the International Finance Corporation"s 14.09% partnership interests in Orzunil I de Electricidad, Limitada (Orzunil), which owns the Zunil Geothermal Project in Guatemala.

At this time, the Ormat subsidiary purchaser holds proxies to act as owner of the purchased interests. The only items pending for completion of the second and final stage of these purchases is publication of the sales during a statutory period, and final registration of the ownership transfers at the authorized Guatemalan registrar, against which the remaining balance of 50% of the total purchase prices will be paid. Final completion is expected to occur before the end of the third quarter of 2006.

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
+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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