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Latest Geothermal power in Kenya Stories

2013-05-02 20:20:30

New Plant Increases Ormat's Total Capacity to over 600MW RENO, Nev., May 2, 2013 /PRNewswire/ -- Ormat Technologies, Inc. (NYSE: ORA) announced today that it reached commercial operation of Plant 2 in the Olkaria III complex in Naivasha, Kenya, increasing the company's total generating capacity by 36 MW to 611 MW worldwide. Ormat also plans to add an additional 16 MW of generation at Olkaria III by building a third plant, which it expects to complete in 2014. Once Plant 3 is...

2012-11-11 04:21:09

RENO, Nev., Nov. 11, 2012 /PRNewswire/ -- Ormat Technologies, Inc. (NYSE: ORA) announced today that OrPower 4, Inc., its indirect wholly owned subsidiary, has completed the financial closing of a previously announced limited-recourse project financing totaling up to $310 million for the Olkaria III geothermal power complex located in Naivasha, Kenya, with the Overseas Private Investment Corporation (OPIC), an agency of the United States Government. (Logo:...

2012-08-26 22:21:12

RENO, Nev., Aug. 27, 2012 /PRNewswire/ -- Ormat Technologies, Inc. (NYSE: ORA) announced today that OrPower 4, Inc., its indirect wholly owned subsidiary, and the Overseas Private Investment Corporation (OPIC), an agency of the United States Government, signed a Finance Agreement for limited-recourse project financing totaling up to $310 million for the Olkaria III geothermal power complex located in Naivasha, Kenya. (Logo: http://photos.prnewswire.com/prnh/20040422/LATH066LOGO) Phase I of...

2011-04-04 07:00:00

RENO, Nevada, April 4, 2011 /PRNewswire/ -- Ormat Technologies, Inc. (NYSE: ORA) announced today that its subsidiary, OrPower 4, Inc., signed a 20-year power purchase agreement (PPA) amendment with Kenya Power and Lighting Company Limited (KPLC) to purchase an additional 36 megawatts (MW) of clean energy output from a new power plant at the Olkaria complex. The new plant will be constructed adjacent to the existing 48MW Olkaria III geothermal power plant near Lake Naivasha, Kenya. The new...

2010-02-17 04:41:00

RENO, Nev., Feb. 17 /PRNewswire-FirstCall/ -- Ormat Technologies (NYSE: ORA), announced today that its project subsidiary has signed a letter of intent with the off-taker, Kenya Power & Lighting Co. Ltd ("KPLC"), for further expansion of its Olkaria III power plant by up to 52 MW (from 48 MW to up to 100MW) within the framework of the existing power purchase agreement ("PPA"). The expansion is to be developed in two phases. Phase I comprising of 36 MW within 3.5 years from finalizing...

2009-03-06 11:26:00

RENO, Nev., March 6 /PRNewswire-FirstCall/ -- Ormat Technologies, Inc. (NYSE: ORA) announced today that its wholly-owned subsidiary, OrPower 4, Inc., concluded the closing under its previously announced loan documents for up to $105 million project financing to refinance Ormat's investment in the Olkaria III geothermal project. The 48 MW power plant is located in Naivasha, Kenya. (Photo: http://www.newscom.com/cgi-bin/prnh/20090306/LA80086) (Logo:...