Nevada Business in Energy & Utilities

Ormat Technologies, Inc. Signs a New 20-Year PPA with Nevada Power Company for 30 MW of Geothermal P
RENO, Nevada, Nov. 9 /PRNewswire-FirstCall/ -- Ormat Technologies, Inc. (NYSE: ORA) announced that one of its subsidiaries has signed a 20-year power purchase agreement (PPA) with Nevada Power Company (a subsidiary of NV Energy, Inc.) to purchase 30 megawatts (MW) from the McGinness Hills Geothermal project, which is currently under construction. The PPA is subject to various approvals including the approval of the Public Utilities Commission of Nevada and is projected to come on line in 2012.
[ source ] http://money.cnn.com : November 9, 2009 |  Comments: (0)

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