Ormat Technologies: U.S. Power Plants

Die untenstehende Meldung ist eine Original-Meldung des Unternehmens. Sie ist nicht von der ECOreporter.de-Redaktion bearbeitet. Die presserechtliche Verantwortlichkeit liegt bei dem meldenden Unternehmen.

RENO, Nevada - With reference to reports appearing in the international media Ormat Technologies, Inc. (NYSE:ORA) clarified that, as part of a previously-announced ongoing strategic planning review, it continues to explore, with the assistance of an investment bank recently engaged for this matter, a possible transaction, whereby the Company might sell a minority stake of up to 49% in a small number of its power plants located in the U.S. to one or more institutional investors, with the Company continuing to consolidate and operate such plants.

 The process is still in an early stage and no binding investment offers have been received. As such, there can be no assurance as to whether this process will lead to any such investments, the timing thereof and, if consummated, what the terms would be, including the terms of any securities that might be issued or valuation of the plants.

 The Company does not intend to make any further comment, or respond to any inquiries, until a binding agreement, if any, is reached with respect to such transaction.

 About Ormat Technologies, Inc.

 With over four decades of experience, Ormat Technologies, Inc. is a leading
geothermal company and the only vertically integrated company solely engaged
in geothermal and recovered energy generation (REG). The company owns,
operates, designs, manufactures and sells geothermal and REG power plants
primarily based on the Ormat Energy Converter - a power generation unit that
converts low-, medium- and high-temperature heat into electricity. With over
77 U.S. patents, Ormat's power solutions have been refined and perfected
under the most grueling environmental conditions. Ormat has 480 employees in
the United States and about 640 overseas. Ormat's flexible, modular
solutions for geothermal power and REG are ideal for the vast range of
resource characteristics. The company has engineered, manufactured and
constructed power plants, which it currently owns or has installed to
utilities and developers worldwide, totaling over 1,750 MW of gross
capacity. Ormat's current generating portfolio of 626 MW (net) is spread
globally in the U.S., Guatemala and Kenya.

CONTACT: Ormat Technologies Contact:
         Dita Bronicki
         CEO
         775-356-9029
         dbronicki@ormat.com

         Investor Relations Contact:
         Rob Fink/Brad Nelson
         KCSA Strategic Communications
         212-896-1206 (Fink)/212-896-1217 (Nelson)
         rfink@kcsa.com / bnelson@kcsa.com
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