Reno, Nevada, August 20, 2009 - Mammoth Pacific geothermal power plant, operated and partially-owned by Ormat Technologies, Inc. (NYSE: ORA), received the California Department of Conservation’s Outstanding Lease Maintenance Award for its ongoing commitment to environmental safety and outstanding lease maintenance.
"The Department of Conservation recognizes those operators that continuously maintain their facilities in an environmentally sound and responsible way,” said Jack Truschel, Geothermal District Engineer at the Division of Oil, Gas, & Geothermal Resources. "It is therefore my pleasure to present Mammoth Pacific with its second consecutive outstanding lease award.”
"This environmental and safety award can be attributed to our employees at Mammoth Pacific, who work diligently to meet the highest standards of safety while also protecting the environment,” said Lucien Bronicki, Chairman and CTO of Ormat. "Ormat has always taken health, safety and environmental protection very seriously. We are proud that Mammoth Pacific, and the team led by plant manager Larry Nickerson, continues to exemplify quality and environmental consciousness in geothermal power production.”
Located in Mammoth Lakes, California, Mammoth Pacific, LP generates 29 MW of renewable, environmentally sound electricity sufficient for the needs of more than 20,000 homes. The facility, a partnership between Ormat and Constellation Energy, helps reduce our nation’s dependence on fossil fuels and play an important role in the local economy.
Ormat has constructed over 1,200 MW of geothermal and Recovered Energy Generation (REG) power projects worldwide and owns and operates over 515 MW of geothermal and REG plants in the United States.
About Ormat TechnologiesOrmat Technologies, Inc. is the only vertically-integrated company primarily engaged in the geothermal and recovered energy power business. The Company designs, develops, owns and operates geothermal and recovered energy-based power plants around the world. Additionally, the Company designs, manufactures and sells geothermal and recovered energy power units and other power-generating equipment, and provides related services. The Company has more than four decades of experience in the development of environmentally-sound power, primarily in geothermal and recovered-energy generation. Ormat products and systems are covered by 75 U.S. patents. Ormat has built over 1,200 MW of plants approximately half for its own account and half as supplies to utilities and developers. Ormat current generating portfolio includes the following geothermal and recovered energy-based power plants: in the United States - Brady, Desert Peak 2, Heber, Mammoth, Ormesa, Puna, Steamboat, OREG 1, OREG 2 and Peetz; in Guatemala - Zunil and Amatitlan; in Kenya - Olkaria; in Nicaragua - Momotombo and in New Zealand - GDL.
Safe Harbor StatementInformation provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are "forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to Ormat’s plans, objectives and expectations for future operations and are based upon its management’s current estimates and projections of future results or trends. Actual future results may differ materially from those projected as a result of certain risks and uncertainties. For a discussion of such risks and uncertainties, see "Risk Factors” as described in Ormat Technologies, Inc.’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 2, 2009
These forward-looking statements are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise