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News Breaks
April 4, 2013
05:23 EDTORAOrmat Technologies announces that Sarulla Operations signed a JOC and ESC
Ormat Technologies announced that Sarulla Operations, or SOL, has signed a Joint Operating Contract, or JOC, and Energy Sales Contract, or ESC, for the 330 MW Sarulla geothermal power project in Tapanuli Utara, North Sumatra in Indonesia. Ormat participation in this project includes two roles. Ormat designed the plant and will supply its Ormat Energy Converters to the power plant. In addition, Ormat, through its subsidiary Ormat International, holds a 12.75% equity stake in SOL, which owns and operates the Sarulla project. As a supplier, the company expects to recognize revenues of $254M related to the equipment sales over the construction period.
News For ORA From The Last 14 Days
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October 29, 2014
09:42 EDTORAOrmat Technologies considers potential restructuring with parent Company
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09:31 EDTORAOrmat Technologies trading halted, news pending
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