Ormat Technologies, Inc. Announces Appointment of New CFO

          Ormat Technologies, Inc. Announces Appointment of New CFO

PR Newswire

RENO, Nev., Jan. 7, 2013

RENO, Nev., Jan. 7, 2013 /PRNewswire/ -- Ormat Technologies, Inc. (NYSE: ORA)
today announced that Mr. Doron Blachar has been appointed Chief Financial
Officer of the Company, effective April 2, 2013.

(Logo: http://photos.prnewswire.com/prnh/20040422/LATH066LOGO)

Mr. Blachar, 45, holds a B.A. degree in Accounting and Economics and an M.B.A.
degree from Tel Aviv University and is a Certified Public Accountant in
Israel. He has 20 years of experience as a finance professional with public
companies across multiple industries. From March 2009 to present, he has been
serving as the CFO of Shikun & Binui Ltd.From 2005 to 2009, he served as the
Vice President – Finance of Teva Pharmaceutical Industries Ltd. Prior
thereto, from 1998 to 2005, he served in a number of positions at Amdocs
Limited, including as Vice President – Finance from 2002 to 2005.

Mr. Blachar replaces Mr. Joseph Tenne, who will leave the Company to pursue
other opportunities, but has agreed to be available for assistance during the
transition period.

"Mr. Blachar's broad-based experience as a finance professional, including
with NYSE-listed public companies, gives him a solid platform for the job of
Chief Financial Officer of Ormat Technologies," commented Ms. Yehudit
Bronicki, Chief Executive Officer of the Company. "We welcome Doron and look
forward to working with him as part of the Company's management team."

"Mr. Tenne, as Chief Financial Officer of the Company for the lastseven
years, has done a tremendous job since he joined the Company shortly after it
became public and throughout the period of growth and expansion of the
Company's operations. I am pleased that Mr. Tenne will be available to assist
the Company during the transition between CFOs, and wish to thank him for his
vast contribution to the Company and wish him well in all of his future
endeavors," continued Ms. Bronicki.

About Ormat Technologies

Ormat Technologies, Inc. is a leading geothermal company and the only
vertically-integrated company 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 82 U.S. patents. Ormat
has engineered and built power plants that it currently owns or has supplied
to utilities and developers worldwide, totaling over 1,500 MW of gross
capacity. Ormat's current generating portfolio includes the following
geothermal and recovered energy-based power plants: in the United States —
Brady, Brawley, Heber, Jersey Valley, Mammoth, McGinness Hills, Ormesa, Puna,
Steamboat, Tuscarora, OREG 1, OREG 2, OREG 3, and OREG 4; in Guatemala — Zunil
and Amatitlan; in Kenya — Olkaria III; and, in Nicaragua — Momotombo.

Ormat's Safe Harbor Statement

Information 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 February 29, 2012 and Quarterly Report on Form 10-Q
filed with the Securities and Exchange Commission on November 8, 2012.

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.

Ormat Technologies Contact:  Investor Relations Contact:
Dita Bronicki                Todd Fromer/Rob Fink
CEO                          KCSA Strategic Communications
775-356-9029                 212-896-1215 (Todd) /212-896-1206 (Rob)
dbronicki@ormat.com          tfromer@kcsa.com / rfink@kcsa.com

SOURCE Ormat Technologies, Inc.

Website: http://www.ormat.com
 
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