The project is expected to be completed in the first quarter of 2021.
Under the EPC contract, Ormat will provide its air-cooled Ormat Energy Converters for the Ngawha geothermal extension project. This is the third EPC contract Ormat has signed with Top Energy. The first one was for the Ngawha I power plant in 1998 and the second for Ngawha II power plant in 2008.
Isaac Angel, CEO of Ormat Technologies said, “This is the continuation of a long and mutually productive, two-decade-long relationship between Ormat and TOP ENERGY. This third significant contract demonstrates our full and long-term commitment to our clients as well as an evidence to our technology superiority over the project life span, designed to accommodate a wide range of geothermal reservoirs, while maintaining maximum flexibility and efficiency. We anticipate final notice to proceed in the second half of 2018 and expect this contract to have a significant contribution to our 2019 and 2020 product segment revenues, providing longer-term visibility for this segment.”
