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Ormat Technologies Secures Contract For Geothermal Power Plant In Turkey
Reno NV (SPX) Jul 15, 2008 Ormat Technologies has announced that one of its subsidiaries entered into a supply contract for a new geothermal power plant to be constructed in Turkey. The contract is valued at approximately $16 million and delivery of the equipment is expected to be completed within 16 months from the contract date. The customer, MEGE- Menderes Geothermal Elektrik Uretim, A.S., a private developer and owner of the resource in Turkey, has one operating Geothermal Power Plant that was supplied by Ormat in 2004. The new power plant significantly contributes to the local authorities' efforts to develop the base load needs of Turkey through dependable, indigenous and clean geothermal power, optimizing the energy utilization by converting both geothermal steam and brine from geothermal wells into electric power. The new plant will use air-cooled condensers and allow 100% geothermal fluid reinjection, which serves both to sustain the reservoir and to produce electrical power with virtually no environmental impact. Out of the four plants in Turkey, one uses water-cooled condensers and the rest are air-cooled. All utilize the hi-performance hi-efficiency organic turbine developed by Ormat for geothermal and recovered-energy applications. With this new development, Ormat technology maintains its leadership in the creation of electricity from geothermal resources in Turkey, both in MW and number of power plants. Dita Bronicki, CEO of Ormat Technologies, said, "This marks our fourth order to supply equipment for geothermal power in Turkey and continues our leadership position in creating clean energy both in MW and the number of power plants in the country. With the addition of this plant, Ormat will have increased the amount of MWs it supplies to 20 countries to over 950 MW. "We view this milestone as a demonstration of the effectiveness and reliability of Ormat's solutions and it further reinforces the applicability of our renewable energy solutions to the world electricity markets." Community Email This Article Comment On This Article Share This Article With Planet Earth
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