RENO, Nev., June 7 /PRNewswire-FirstCall/ -- Ormat
Technologies, Inc. (NYSE: ORA) today updated the status of its
Amatitlan project in Guatemala.
(Logo:
http://www.newscom.com/cgi-bin/prnh/20040422/LATH066LOGO)
Amatitlan's gathering system was damaged following tropical
storm 'Agatha', which struck Guatemala last week. The Company believes that
most of the wells can be connected to the 20 MW plant quickly and
partial operation of the power plant will resume as soon as the
cleanup of the volcanic ash is completed. The Project was
temporarily shut down following the May
28th volcanic eruption of Volcan de Pacya. It is not
possible at this time to estimate when the power plant will be back
on line in full operation.
The Company is in contact with its insurance carrier regarding
physical damage to equipment and business interruption caused to
the Plant.
About Ormat Technologies
Ormat Technologies, Inc. is the only vertically-integrated
company primarily engaged in the geothermal and recovered energy
power business. The Company designs, develops, owns and operates
geothermal and recovered energy-based power plants around the
world. Additionally, the Company designs, manufactures and sells
geothermal and recovered energy power units and other
power-generating equipment, and provides related services. The
Company has more than four decades of experience in the development
of environmentally-sound power, primarily in geothermal and
recovered-energy generation. Ormat products and systems are covered
by 75 U.S. patents. Ormat has engineered and built power plants,
that it currently owns or has supplied to utilities and developers
worldwide, totaling approximately 1300 MW of gross capacity.
Ormat's current generating portfolio includes the following
geothermal and recovered energy-based power plants: in the United States - Brady, Brawley, Heber,
Mammoth, Ormesa, Puna, Steamboat, OREG 1, OREG 2 and Peetz; in
Guatemala - Zunil and Amatitlan;
in Kenya – Olkaria III; and, in
Nicaragua - Momotombo.
Ormat's 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'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
Technologies, Inc.'s Annual Report on Form 10-K filed with the
Securities and Exchange Commission on March
8, 2010.
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 Technologies Contact:
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Investor Relations
Contact:
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Dita
Bronicki
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Marybeth Csaby/Rob
Fink
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CEO
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KCSA Strategic
Communications
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775-356-9029
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212-896-1236
(Marybeth)/212-896-1206 (Rob)
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dbronicki@ormat.com
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mcsaby@kcsa.com/
rfink@kcsa.com
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SOURCE Ormat Technologies, Inc.