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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.
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February 25, 2015
09:47 EDTORAOrmat Technologies sees FY15 revenue $560M-$580M, consensus $575.33M
Sees FY15 capital expenditures of $249M and debt repayment of $92M, for total FY15 capital needs of $341M. Says projects company anticipates working on in 2015 may add between 90-115 MW in the years 2016 to 2017. Guidance from slides for Q4 earnings conference call.
February 24, 2015
19:36 EDTORAOrmat Technologies sees FY15 adjusted EBITDA of $280M-$290M
Ormat CEO Isaac Angel said, "We expect our 2015 electricity revenues to be between $380.0M-$390.0M and our product segment revenues to be between $180.0M-$190.0M. In addition, as we continue to make operational progress and monetize our assets, we felt it was an appropriate time to transition to a more traditional, operational-focused methodology for calculating adjusted EBITDA. For 2015, we expect to generate adjusted EBITDA of $280.0M-$290.0M."
19:34 EDTORAOrmat Technologies reports Q4 ex-items EPS 31c, consensus 38c
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