Ormat Technologies, Inc. Announces Departure of Ed Muller from Board of Directors Search Has Begun for New Independent Director

Ormat Technologies, Inc. Announces Departure of Ed Muller from Board of Directors Search Has Begun for New Independent Director

SPARKS, Nevada, October 3, 2005 – Ormat Technologies, Inc. (NYSE: ORA) today announced the departure of Edward Muller, a member of the Company’s Board, effective September 30, 2005. Mr. Muller announcedthat he has been appointed Chairman of the Board, President and CEO of Mirant, an energy corporation. As a result of his new appointment, Mr. Muller has resigned from various directorship positions, including his position on the Company’s Board, in order to focus on his new duties at Mirant.

The Company has already begun the search for a qualified new independent director. Commenting on Mr. Muller’s resignation, Dita Bronicki, President and Chief Executive Officer of Ormat Technologies, said, ”Ed Muller has made a dedicated and valuable contribution to Ormat’s Board. On behalf of everyone at Ormat, I would like to thank him for all of his work and wish him continued success in his newposition.”

About Ormat TechnologiesOrmat Technologies, Inc. is a vertically integrated company primarily engaged in the geothermal and recovered energy power business. The Company designs, develops, builds, owns and operates geothermal power plants. It also designs, develops and builds, and plans to own and operate, recovered energy-based power plants. Additionally, the Company designs, manufactures and sells geothermal and recovered energy power units and other power generating equipment, and provides related services. Ormat products and systems are covered by more than 70 patents. Ormat currently has operations in the United States, Israel, the Philippines, Guatemala, Kenya, and Nicaragua.

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 PrivateSecurities 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’s Annual Report on Form 10-K/A filed with the Securities and Exchange Commission on pril 12, 2005.

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.
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