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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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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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