Geothermal Energy PPA Increases to 25 MW

Reno, Nevada [] The Public Utilities Commission of Nevada approved a 20-year power purchase agreement (PPA) between Sierra Pacific Power Company and ORNI 14 LLC, a subsidiary of Ormat Nevada, Inc. Under the PPA, the Galena No. 3 Geothermal Power Project will be integrated into Ormat’s existing Steamboat Geothermal Complex in Washoe County, Nevada. The new plant is expected to increase the total output supplied from the Steamboat Known Geothermal Resource Area (KGRA) to Sierra Pacific Power Company by 15 to 25 megawatts (MW). Ormat has already started the development of Galena No. 3 under this PPA and expects to complete its construction in the first half of 2008.


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