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Article: Ormat Technologies Secures a $65 Million Contract for a New Geothermal Power Plant in Costa Rica.
- Article from:
- Energy Weekly News
- Article date:
- February 6, 2009
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Ormat Technologies, Inc. (NYSE:ORA) announced that it has signed a contract with Banco Centroamericano de Integracion Economica ("BCIE") for the supply, supervision of installation, start-up and testing of Las Pailas Geothermal Plant, a new geothermal power plant that is to be constructed in Las Pailas Field, Costa Rica.
The plant will be utilized by Instituto Costarricense de Electricidad ("ICE"), the Costa Rican national electricity and telecommunications company. The contract is valued at approximately $65 million and supply of the power plant is expected to be completed within 18 months from the contract start date.
BCIE, a major regional development ...