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Slide #84. Ormat Technologies, Inc. — Platanares Geothermal Project in Honduras
Ormat Technologies, Inc. (NYSE:ORA)
Platanares Geothermal Project in Honduras
Ormat Technologies, Inc. (NYSE:ORA) announced today that its indirect, wholly-owned subsidiary, completed the acquisition of the Geotrmica Platanares geothermal project in Honduras from ELCOSA, a privately owned Honduran energy company, upon satisfaction of the required conditions precedent. Ormat will hold the assets under a Build, Operate and Transfer (BOT) structure for approximately 15 years, including the project's wells, land, permits and a Power Purchase Agreement for up to 35 megawatt with ENEE, the national utility of Honduras.
Ormat Technologies is a holding company. Through its subsidiaries, Co. is engaged in the geothermal, and recovered energy power businesses. Co.'s electricity segment develops, builds, owns and operates geothermal, solar photovoltaic and recovered energy-based power plants. Co.'s product segment designs, manufactures and sells equipment for geothermal and recovered energy-based electricity generation and remote power units. Co.'s energy storage and management services segment provide energy storage, demand response and energy management related services as well as services relating to the engineering, procurement, construction, operation and maintenance of energy storage units.
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