Ormat Technologies Secures $20 Million Contract for its Product Segment Backlog (ORA)

Ormat Technologies, Inc. ORA today announced that its subsidiary entered into a supply contract with Norske Skog Tasman Limited of New Zealand to supply a new geothermal power plant that is to be constructed in the Kawerau Geothermal Field in New Zealand. The contract is valued at a total of approximately $20 million and delivery of the power plant is expected to be completed within 13 months from the contract date.