Ormat Makes Geothermal Deal in Turkey

Ormat Technologies Inc. announced that one of its subsidiaries has entered into a supply contract for a new geothermal power plant to be constructed in Turkey. The contract is valued at approximately US $16 million and delivery of the equipment is expected to be completed within 16 months from the contract date.

The customer, Menderes Geothermal Elektrik Uretim A.S., is a private developer and owner of the resource in Turkey and has one operating geothermal plant that was supplied by Ormat in 2004. With this new development, Ormat maintains its leadership in the creation of electricity from geothermal resources in Turkey, the company said.

“This marks our fourth order to supply equipment for geothermal power in Turkey and continues our leadership position in creating clean energy both in megawatts (MW) and the number of power plants in the country. With the addition of this plant, Ormat will have increased the amount of MW it supplies to 20 countries to over 950 MW,” said Dita Bronicki, CEO of Ormat Technologies.

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