Ormat Technologies announced Tuesday that its wholly owned subsidiary, Ormat Nevada Inc has finalized a $61.4 million engineering, procurement and construction deal with Enel Green Power North America.
Ormat owns and operates geothermal and recovered energy-based power plants around the world, as well as designs, manufactures and sells geothermal and recovered energy power units and other power-generating equipment.
Enel Green Power North America owns and operates renewable energy plants in North America with projects operating and under development in 21 US states and three Canadian provinces.
According to a company press release, the contract will see Israel-based Ormat provide two air-cooled energy converters to Enel Green, which will be installed in the latter’s Cove Fort geothermal power plant in southern Utah.
Enel Green acquired the Utah facility in 2007. The company is planning to construct a new geothermal power plant with an installed capacity of up to 65 megawatts and the first phase of the project is expected to be commercially operating by the end of 2013.
The Cove Fort plant will use an air-cooled binary system, also known as a closed-loop system, to generate electrical power.
The deal has had prompted Ormat to announced that its product backlog has “increased by an additional $52 million to a total of approximately $260 million, most of which is expected to be recognized as revenues through 2013.”
Yoram Bronicki, president and COO of Ormat, added: “This development will incorporate Ormat’s low-operating-cost design and our consistent project completion standards.
“We’ve had great success in deploying similar equipment to a myriad of projects worldwide and we intend to continue reinforcing this track record in established and new markets.”