RENO, Nev., June 21 /PRNewswire-FirstCall/ -- Ormat Technologies, Inc. (NYSE: ORA) today updated the status of its Amatitlan Project. Following extensive cleanup efforts to remove ash from the recent volcanic eruption in Guatemala, all three power units of the Amatitlan Power Plant have been returned to service and the power plant is now selling power to the grid.
The majority of the damage caused by the eruption has been repaired and work is on going to address the impact of tropical storm 'Agatha'. Ormat estimates that remaining impact on generation will be between 5 to 6 MW for the next 3 months.
Commenting on the cleanup efforts Lucien Bronicki, Ormat's Chairman and CTO, said: "I would like to thank the crew members of the Ormat facilities and dozens of people from the neighboring communities who through their collaborative efforts accomplished the repair work diligently and expeditiously."
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.
SOURCE Ormat Technologies, Inc.