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January 28, 2013
09:53 EDTORAOrmat Technologies announce spartnership transaction of geothermal power plants
Ormat Technologies announced that Ormat Nevada Inc., a wholly-owned subsidiary, and JPM Capital Corporation entered into a tax equity partnership transaction involving eight geothermal power plants in California and Nevada. Under the transaction, Ormat Nevada transferred the plants into a new subsidiary, ORTP, LLC, and sold an interest in the limited liability company to JPM. In connection with the closing, JPM paid approximately $35.7M to Ormat Nevada and will make additional payments estimated by Ormat at approximately 25% of the value of production tax credits generated by the portfolio over time. The additional payments are expected to be made until December 31, 2016 and total approximately $8.7M.
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November 17, 2015
17:03 EDTORAOrmat says chairman Bronicki to resign, Beck to succeed
Ormat Technologies announced that Yoram Bronicki has resigned from his position as the chairman of the company's board of directors, effective November 16. The board of directors has appointed Stanley Stern as a director to fill the vacancy on the board, and appointed current director Gillon Beck as chairman of the board. Beck previously served as chairman from May 2012 until June 2014. Both appointments are effective upon Bronicki's resignation.

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