Thursday, May 7, 2015

Chile:

Ormat Signs a $98.8 Million EPC Contract for Geothermal Project in Chile

GRC Member company Ormat Technologies, Inc. announced today that its wholly owned subsidiary, Orandina I S.p.A., was selected through a competitive bid process and signed a $98.8 million engineering, procurement and construction (EPC) contract for a geothermal project in Chile.

Under the EPC contract, Ormat will provide two air-cooled Ormat® Energy Converter (OEC) for a high enthalpy reservoir. The project is scheduled to be completed by mid-2017.

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