Nevada US based Ormat Technologies (NYSE: ORA) is preparing to start its second geothermal project in Costa Rica after being chosen for a $65 million contract with Banco Centroamericano de Integración Económica.
Ormat plans to build, test and commission the Las Pailas Geothermal Plant, which is planned for construction in Las Pailas Field, Costa Rica, for the country's national electricity and telecommunications company, Instituto Costarricense de Electricidad (ICE). Under the agreement, Ormat is expected to complete the plant in 18 months.
Ormat says the new plant will use water-cooled condensers and its proprietary high-performance, high-efficiency organic turbine.
Ormat previously built an 18-megawatt binary geothermal power station for ICE in 2004.
You can read the full story here
Ormat plans to build, test and commission the Las Pailas Geothermal Plant, which is planned for construction in Las Pailas Field, Costa Rica, for the country's national electricity and telecommunications company, Instituto Costarricense de Electricidad (ICE). Under the agreement, Ormat is expected to complete the plant in 18 months.
Ormat says the new plant will use water-cooled condensers and its proprietary high-performance, high-efficiency organic turbine.
Ormat previously built an 18-megawatt binary geothermal power station for ICE in 2004.
You can read the full story here
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