Ormat to Buy Honduras Geothermal Power Project From Geotermica
Stock Chart for Ormat Technologies Inc (ORA)
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 firstname.lastname@example.org
To contact the editor responsible for this story: Tina Davis at email@example.com
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.