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Ormat Technologies, Inc. Announces the Inauguration in Costa Rica of the 42 MW Las Pailas Geothermal Power Plant by BCIE and ICE



Ormat Technologies, Inc.  announces that a second Ormat designed and manufactured geothermal power plant was inaugurated last week in Las Pailas, Costa Rica.Under a contract with Banco Centroamericano de Integracion Economica "BCIE", Ormat supplied all the power equipment, supervised the installation and conducted the testing and start-up of the 42 MW power plant. The field development and the construction were executed by the Instituto Constarricense de Electricidad ("ICE"), the Costa Rican National Electricity and Telecommunications Company which will operate the plant.

The inauguration by BCIE and ICE was attended by H.E Laura Chinchilla Miranda President of Costa Rica, Mr. Teofilo de La Torre, former Minister of Energy and recently nominated Executive President of ICE - Costa Rica's national power utility company, other members of the government, Dr. Nick Rischbieth President of BCIE and many distinguished dignitaries.The Las Pailas is the second geothermal power plant supplied to Costa Rica using Ormat Binary Technology.Ormat's Chairman, Lucien Y. Bronicki commented : "We are very pleased to continue our collaboration with ICE which started with the 18 MW Miravalles Unit 5 in 2004 . The Las Pailas plant demonstrates the trust that ICE and BCIE have in Ormat and its Binary Technology".







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