The company said that the plant will be utilized by Instituto Costarricense de Electricidad (ICE), the Costa Rican national electricity and telecommunications company. The contract is valued at approximately $65 million and supply of the power plant is expected to be completed within 18 months from the contract start date.
Dita Bronicki, CEO of Ormat Technologies, said: “We are pleased to receive this repeat contract for a geothermal project in Costa Rica and to be able to help the country’s move closer to independence from fossil energy sources.
“The award of these contracts demonstrates the trust that Banco Centroamericano de Integracion Economica (BCIE) and ICE have in us to the development of this new geothermal field.”
Ormat Technologies claims to be the only vertically-integrated company primarily engaged in the geothermal and recovered energy power business. The Company designs, develops, owns and operates geothermal and recovered energy-based power plants. Additionally, the Company designs, manufactures and sells geothermal and recovered energy power units and other power-generating equipment, and provides related services.
