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| Rig Sky, by by Steven Fercho. Taken as a storm approaches while drilling Ormat's Platanares, Honduras project. 2017 GRC PHOTO CONTEST |
Ormat signed a Build, Operate, and Transfer (BOT) contract for the Geotérmica Platanares geothermal project in Honduras with ELCOSA, a privately owned Honduran energy company, for 15 years from commercial operation date (COD).
Geotérmica Platanares sells its power, under a 30-year power purchase agreement with the national utility of Honduras, ENEE. The project is expected to generate average annual revenue of approximately $33 million.
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Ormat Technologies, Inc. will be exhibiting at the GRC Annual Meeting & GEA GeoExpo+ from October 1-4 at the Salt Palace Convention Center, Utah, USA.
