Ormat signs power purchase agreement with NV Energy

Reno, Nev., March 15, 2011 — Ormat Technologies, Inc. signed a 20-year power purchase agreement with NV Energy to purchase 30 MW of clean, renewable energy generated from the Dixie Meadows geothermal project.

Ormat is currently in the exploration phase of the Dixie Meadows development project, which is located in Churchill County, Nev. The PPA has been submitted for approval to the Public Utilities Commission of Nevada.

Upon successful development, the Dixie Meadows geothermal project will further increase the 127 MW that Ormat is currently operating in the state and about 90 MW that are in construction. If the Dixie Meadows project reaches completion by the end of 2013, it would also be eligible for an ITC cash grant.

"This is another step in our long cooperation with NV Energy to provide clean and reliable renewable energy to northern Nevada," said Yoram Bronicki, president and chief operating officer of Ormat. "The exploration efforts in Dixie Meadows are an investment in the development of the rural areas in the state and a successful project will have a positive economic impact through its contract life."

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs