Ormat Technologies awarded Telaga Ranu Geothermal in Indonesia

Ormat Technologies (ORA) announced it has been awarded the Telaga Ranu Geothermal Working Area by the Government of Indonesia under the authority of the Ministry of Energy and Mineral Resources. “The award of the Telaga Ranu geothermal concession represents a significant step in strengthening our development pipeline and highlights our confidence in Indonesia’s long-term geothermal potential,” said Doron Blachar, Chief Executive Officer of Ormat Technologies Inc. “Ormat is well positioned to apply our proven exploration and development capabilities as we move forward in the region. We believe this site has the potential to add up to 40MW to our exploration pipeline, bringing the total to approximately 200MW, in addition to the 59MW associated with our operating asset. We appreciate the trust placed in us by the Government of Indonesia through this tender process and look forward to working closely with our stakeholders to responsibly develop this resource and contribute to the country’s clean energy transition.”