Saturday, February 21, 2009

Ormat commissions first two facilities of OREG 2 project in North Dakota

Ormat Technologies, Inc., the NYSE-listed U.S. subsidiary of Yavne, Israel-based Ormat, announced that two of the four facilities in the OREG 2 Recovered Energy Generation (REG) project reached commercial operation in December 2008 and January 2009.

The OREG 2 project is Ormat‘s second REG project located along the Northern Border natural gas pipeline in North Dakota, United States. The project consists of four power plants that will have a net capacity of 5.5 MW each and will convert the recovered waste heat from the exhaust of existing gas turbines at compressor sites into electricity. The remaining two facilities are scheduled to be completed by the end of 2009.

"We are very happy to bring additional power through the use of recovered energy generation technology and contribute to the important goal of emission reduction” said Dita Bronicki, Chief Executive Officer of Ormat.

The output supplied from the two facilities will be sold to Basin Electric Power Cooperative (BEPC) of Bismarck, North Dakota and will bring the total owned generating capacity of Ormat's REG portfolio to 33 MW.

The ORMAT® REG facilities consist of ORMAT® ENERGY CONVERTERS (OEC) based on Organic Rankine Cycle technology, which converts recovered heat to electric power without the need for any additional fuel or water. The OEC units are environmentally benign, according to Ormat, as they have no emissions of CO2 or NOX.

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