Monday, May 9, 2016

USA, Nevada: Ormat Working to Monetize the Don Campbell Geothermal Plant

Ormat Technologies' CEO Isaac Angel on Q1 2016 Results - Earnings Call Transcript (Seeking Alpha)

"In addition, we are also working to monetize the Don Campbell plant and further strengthen our balance sheet as part of our joint venture with Northleaf Capital Partners. Currently, we are conducting the required power generation tests under the agreement to determine the final terms for closing.

Following the closing, Ormat Nevada will contribute Don Campbell 2 to ORPD, and Northleaf will buy their interest share. We expect to close this in the second quarter of 2016."

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