Ormat Technologies (ORA) announced the successful commencement of commercial operations for the 35MW Ijen geothermal power plant. The power plant is jointly owned with PT Medco Power Indonesia, through their subsidiary company, PT Medco Cahaya Geothermal. Ormat’s share of the facility is 17MW. This is the first geothermal power plant in East Java, Indonesia, contributing to Indonesia’s plan for an additional 7.2 GW of geothermal capacity by 2035. The Ijen Geothermal Power Plant, equipped with Ormat Energy Converter, began operations with its first phase, delivering 35 MW of electricity power to the Java grid. The commencement of this first phase marks a significant step of the Ijen Facility, which has a total planned capacity of 110 MW under a 30-year power purchase agreement.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ORA:
- Ormat Technologies signs 10-year PPA with Calpine Energy
- AMD downgraded, Nike upgraded: Wall Street’s top analyst calls
- Ormat Technologies initiated with a Hold at Jefferies
- Ormat Technologies commences commercial operation of Montague facility
- Charged: Analyst sees Tesla Q4 deliveries just above expectations
Questions or Comments about the article? Write to editor@tipranks.com