Ormat contracted to build New Zealand plant

The contracts are valued at a total of $20 million, Ormat said. Construction was expected to be completed within 20 months.

January 3, 2007 07:43


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief


MarketWatch: In-depth global business coverage Ormat Technologies Inc., the Reno, Nevada, producer of power plants, said two subsidiaries contracted to build a geothermal power plant in Ngawha, New Zealand, for the Ngawha Generation Ltd. subsidiary of Top Energy Ltd. The contracts are valued at a total of $20 million, Ormat said. Construction was expected to be completed within 20 months. Top Energy is a local electricity network company in New Zealand. This is the second order for an Ormat geothermal power plant from the company. Top Energy has been operating an Ormat 12-megawatt geothermal power plant in Ngawha since June 1998. Both plants will produce about three-quarters of the electricity that Top Energy's 26,000 consumers use. The deal is Ormat's 10th supply contract in the country. Geothermal energy is generated by bringing hot water and steam from within the Earth's crust to the surface and converting it to electricity. Ormat is a subsidiary of Ormat Industries. MarketWatch: In-depth global business coverage

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection