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(ORA, GHI, GBLHF, IGC) Stocks to Watch by CRWEFinance.com
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Ormat Technologies Inc. (NYSE:ORA) announced that, Ormat Nevada Inc., its wholly-owned subsidiary, signed a $21.4 million engineering, procurement and construction (EPC) contract and a credit agre
FOR IMMEDIATE RELEASE
(Free-Press-Release.com) December 31, 2011 --
Ormat Technologies Inc. (NYSE:ORA) announced that, Ormat Nevada Inc., its wholly-owned subsidiary, signed a $21.4 million engineering, procurement and construction (EPC) contract and a credit agreement with Thermo No. 1 BE-01, LLC (Thermo I), a subsidiary of Cyrq Energy, Inc., in connection with the construction of an Ormat Energy Converter (OEC) at Thermo I's existing geothermal project in Utah to increase project's output and reduce operating costs.
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