Monday, December 2, 2013

Honduras:

Ormat Technologies Buys Honduras Geothermal Project (Bloomberg)

Ormat Technologies Inc., has bought a project in Honduras from local company Electricidad de Cortes SA and plans to start drilling wells early next year.

The Geotermica Platanares plant is expected to have an initial capacity of 18 MWe and begin operations in about three years. Ormat didn’t say how much it paid for the project, which includes a contract to sell as much as 35 MWe to national-power utility Empresa Nacional de Energia Electrica.

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