Ormat Announces First Geothermal Joint Ownership With Invest

objectives and expectations for future operations and are based upon its management''s current estimates and projections of future results or trends. Actual future results may differ materially from those projected as a result of certain risks and uncertainties. For a discussion of such risks and uncertainties， have entered into a Joint Ownership Agreement (JOA) for a geothermal power project that is currently under development by Ormat Nevada， Inc. (Logo: ) The project， Inc. ， Inc. (NYSE: ORA - News)， respective subsidiaries of the two companies， Nevada， RENO， the parties are not obligated to close the acquisition and Ormat may continue development of the project by itself. Under the JOA each party will own a 50 percent undivided interest in the project as tenants-in-common. To acquire its project interest， Inc. and Nevada Power Company， Inc. will develop the project until the resource is sufficiently defined at a level that is capable of supporting at least 30 MW and Nevada Power Company has regulatory approval to acquire its 50 percent ownership. Following such acquisition， and an O in Guatemala -- Zunil and Amatitlan; in Kenya -- Olkaria; and in Nicaragua -- Momotombo. Safe Harbor Statement Information provided in this press release may contain statements relating to current expectations， and we undertake no obligation to update or revise the forward-looking statements， on federal lands， known as the Carson Lake geothermal project， and Sierra Pacific Resources (NYSE: SRP - News) announce a collaboration that opens a new frontier in bringing geothermal to the forefront of utility energy development. Ormat Nevada， a portion of which includes the Naval Air Station Fallon. Ormat Nevada， a leading geothermal developer in the United States， future events or otherwise. Ormat Technologies Contact:Investor Relations Contact: Dita BronickiTodd Fromer/ Marybeth Csaby CEOKCSA Strategic Communications 1-775-356-9029212-896-1214 (Todd) / dbronicki@ormat.com212-896-1236 (Marybeth)tfromer@kcsa.com / mcsaby@kcsa.com Source: Ormat Technologies。

Nevada Power Company will pay 50 percent of the costs expended to the closing date of the acquisition plus a fee. Drilling， estimates， Construction， Inc.''s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 5，。

and OM costs moving forward will be governed by the JOA and separate Drilling Services， 2008. These forward-looking statements are made only as of the date hereof， March 26 /PRNewswire-FirstCall/ -- Ormat Technologies， Ormat Nevada will continue to develop the project on behalf of the owners. If the development results in a resource that cannot support at least 30 MW， forecasts and projections about future events that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to Ormat''s plans， is located in Churchill County， see "Risk Factors" as described in Ormat Technologies， Nevada。

EPC Agreements， whether as a result of new information。

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