Ormat signs $100 million pact to sell power
Thursday, July 1, 2004 | 11:11 a.m.
Ormat Industries Ltd., an Israeli company that builds and runs geothermal power plants, said it signed a 20-year, $100 million agreement to supply additional power to Nevada's Sierra Pacific Power Co.
Sierra Pacific, a unit of the state's largest utility, will buy 20.5 megawatts of electricity starting in 2006 from a geothermal station Ormat will expand and upgrade, the Yavneh, Israel-based company said in a statement.
The company's Ormat Technologies Inc. unit, based in Sparks, owns and operates geothermal plants in 19 countries. The company raised $190 million in February to finance buying and upgrading more geothermal generating plants, which use heat from the earth to produce electricity.
archive
- Most Read
- Discussed
- Most E-mailed
- Pricing out wagers on the Pacquiao-Cotto fight
- Kruger hoping his team will play with grit
- Two second-graders involved in shooting at bus stop
- CityCenter Realtors hit with cut in commissions
- Trainers scuffle at Manny Pacquiao, Miguel Cotto weigh-in
- Shanghai’s maglev: Flying with both feet on the ground
- Hooters reports loss, says Chapter 11 possible
- Sean ‘Diddy’ Combs among stars in Las Vegas for Manny Pacquiao-Miguel Cotto fight
- Gaming Control Board recommends licensing of CityCenter
- Man accused in infant’s death denies alleged beating
Blogs
The Kats Report
New face of Monte Carlo includes all the faces of Caliendo
The Greene Room
Predicting this weekend's Mountain West football slate
Top Chef: Las Vegas
Top Chef Episode 11: Child's play
Miech Again
UNLV prez Smatresk is ready for some basketball (6 Comments)
Politics: The Early Line
Harry Reid's fourth TV ad begins running today
The Greene Room
Chad Ochocinco vs. Anderson Silva? That would be a sight ... (4 Comments)
Top Chef: Las Vegas
The Jet Stream: The three stages of chefdom
Calendar »
- 14 Sat
- 15 Sun
- 16 Mon
- 17 Tue
- 18 Wed
-
Pacquiao vs. Cotto at the MGM Grand Garden Arena
MGM Grand Garden Arena | 6 p.m. to 11 p.m.
-
Friends of India Diwali Celebration at Cashman Field with Dan Nainan
Cashman Field | 7:30 p.m. to 10 p.m.
-
Norm MacDonald at the House of Blues
House of Blues
-
Boulder City Art Guild Winter Fest Fine Art Show
Boulder City Parks & Recreation
-
John Fogerty at the Star of the Desert Arena
Star of the Desert Arena | 8 p.m. to 11 p.m.
-
Emeril Lagasse Foundation’s 5th annual Carnivale du Vin
The Venetian Resort Hotel Casino | 6 p.m. to 10 p.m.
The Sun
Locally owned and independent for more than 50 years.
Technorati








