Ormat Technologies Inc. (ORA) has announced that one of its subsidiaries has signed approximately USD 50M Engineering, Procurement and Construction, (EPC) contract, with TOP ENERGY Ltd for Ngawha extension geothermal project located in Ngawha, New Zealand. The project is expected to be completed in the Q1 2021.
Under the EPC contract, Ormat will provide its air-cooled Ormat Energy Converters for the Ngawha geothermal extension project. This is the third EPC contract Ormat has signed with TOP ENERGY Ltd. The first one was for the Ngawha I power plant in 1998 and the second for Ngawha II power plant in 2008.
