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Ormat receives first order for a Recovered Energy Generation plant

Ormat Technologies, Inc. announced that one of its subsidiaries has entered into a contract valued at $11.5 million with ENAGAS, S.A. of Madrid, Spain, for the supply of one ORMAT Energy Converter (OEC) for a Recovered Energy Generation (REG) plant. The REG plant is being specially adapted to use the residual energy from the vaporization process of a Liquefied Natural Gas (LNG) regasification terminal located in Huelva, Spain. The equipment is to be supplied and installed within 26 months from the receipt of a notice to proceed, which is expected in the next few months.

The REG plant at the Huelva LNG Regasification terminal will consist of one OEC using Ormat's Organic Rankine Cycle Technology, operating on the temperature differential between the sea water and the LNG to produce electric power without the need for any additional fuel and without any emissions of CO2 or NOX.



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