Olkaria III Expansion

摘要

On February 17, Ormat Technologies, Inc., announced its project subsidiary had signed a letter of intent with the off-taker, Kenya Power & Lighting Co. Ltd., for a further expansion of its Olkaria III Power Plant by up to 52 Mwe (from 48 Mwe to up to 100 Mwe). The expansion will occur in two phases. Phase I includes 36 Mwe within 3.5 years after finalizing the amendment to the existing Power Purchase Agreement-with an option for Phase II of 16 Mwe within 4.5 years from the commercial operation of Phase I.