Ormat to Buy Honduras Geothermal Power Project From Geotermica

Ormat Technologies Inc. (ORA), the U.S. unit of the largest Israeli developer of geothermal power, agreed to buy a project in Honduras from Geotermica Platanares SA. Terms weren’t disclosed.

The Platanares project, the first geothermal plant in Honduras, has a contract to sell as much as 35 megawatts of power to national utility Empresa Nacional de Energia Electrica, Reno, Nevada-based Ormat said in a statement today.

To contact the reporter on this story: Stephan Nielsen in Sao Paulo at snielsen8@bloomberg.net

To contact the editor responsible for this story: Tina Davis at tinadavis@bloomberg.net

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