Bloomberg News

Ormat to Buy Honduras Geothermal Power Project From Geotermica

November 13, 2012

Ormat Technologies Inc. (ORA:US), the U.S. unit of the largest Israeli developer of geothermal power, agreed to buy a project in Honduras from Geotermica Platanares SA. Terms weren’t disclosed.

The Platanares project, the first geothermal plant in Honduras, has a contract to sell as much as 35 megawatts of power to national utility Empresa Nacional de Energia Electrica, Reno, Nevada-based Ormat said in a statement today.

To contact the reporter on this story: Stephan Nielsen in Sao Paulo at snielsen8@bloomberg.net

To contact the editor responsible for this story: Tina Davis at tinadavis@bloomberg.net


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Companies Mentioned

  • ORA
    (Ormat Technologies Inc)
    • $27.53 USD
    • 0.21
    • 0.76%
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