Ormat Technologies, Inc. (ORA) OREG-4 Peetz Project Up And Running

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08:59:11 am on March 24, 2009

Ormat Technologies Inc just announced that its OREG-4 Peetz Recovered Energy Generation (REG) Project is up and running. The 4 MW power plant will recover waste heat from the exhaust of a gas turbine located in a compressor station that services a natural gas pipeline in the Denver area. The waste heat is converted to electricity and sold to Highline Electric Association Inc under a 20=year purchase agreement.

Dita Bronicki, Chief Executive Officer of Ormat, commented on the new facility in a company press release:

"This plant marks the seventh REG project that Ormat owns and operates in the United States and the first REG project in Colorado. With the completion of this project, our total REG operating capacity in the U.S. stands at more than 37 MW and by the end of 2009 we expect to add 16 MW to that total. Our REG units contribute to the important goal of emission reduction and promotion of energy efficiency. We look forward to the opportunities related to the need for energy efficiency that the current legislation will create for our REG business in the United States."

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