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Ormat Wins Partial Guarantee for $350 Million Geothermal Project

Ormat Technologies Inc. (ORA) said in a statement that a unit won a conditional commitment from the U.S. government to partially guarantee as much as $350 million in loans for a geothermal power project in Nevada. The subsidiary, Ormat Nevada Inc., received an offer of conditional commitment from the Department of Energy, according to the statement.

To contact the editor responsible for this story: Todd White at twhite2@bloomberg.net

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