Ormat Signed 20-Year Power Purchase Agreement for 36MW Expansion of Olkaria III Complex

Ormat Technologies, Inc. ORA announced today that its subsidiary, OrPower 4, Inc., signed a 20-year power purchase agreement amendment with Kenya Power and Lighting Company Limited to purchase an additional 36 megawatts of clean energy output from a new power plant at the Olkaria complex. The new plant will be constructed adjacent to the existing 48MW Olkaria III geothermal power plant near Lake Naivasha, Kenya. The new power plant is scheduled to come online in 2013.