Ormat Wins $99 Million Contract to Build Chile Geothermal Plant

(Bloomberg) — Ormat Technologies Inc., a geothermal energy
developer, won a $98.8 million contract to build a project in
Chile.

The plant, powered by the Earth’s internal heat, will use
two air-cooled Ormat converters and is expected to be finished
by the middle of 2017, the Reno, Nevada-based company said in a
statement Thursday.

Investment in new geothermal capacity last year in Central
and South America rose to $383 million from $46 million in 2013,
according to data compiled by Bloomberg New Energy Finance.
Spending reached $651 million in 2009.

To contact the reporter on this story:
Justin Doom in New York at
jdoom1@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Jim Efstathiou Jr.

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