Malu 'Aina: Shut Down Ormat (PGV) an Israeli Company

There is a worldwide movement to Boycott, Divest and Sanction (BDS) Israel for its treatment of Palestinians, similar to that applied to South Africa during the apartheid era.

Ormat, which owns Puna Geothermal Venture (PGV), is an Israeli company.

Hawaii should join the global BDS movement and Boycott and Divest from the Israeli Company – Ormat!

Malu ‘Aina Center For Non-violent Education & Action P.O. Box AB Ola’a (Kurtistown) Hawai’i 96760 Phone 808-966-7622 Email ja@malu-aina.orgwww.malu-aina.org

ORMAT Signs EPC Contract With ENEL for Cove Fort

Ormat Technologies signs EPC contract valued at $61.4 million with Enel Green Power North America for its Cove Fort geothermal power plant project in southern Utah.

Reported earlier here, Ormat Technologies, Inc. “announced today that its wholly owned subsidiary, Ormat Nevada Inc., concluded and signed the $61.4 million engineering, procurement and construction (EPC) contract with Enel Green Power North America. Under the EPC contract, Ormat will provide two air-cooled Ormat Energy Converters at Enel’s Cove Fort geothermal power plant project in southern Utah.

The parties have entered into an interim agreement in the amount of approximately $9 million to ensure timely completion of the project in April 2012. Now that the full EPC contract has been executed, Ormat’s product backlog announced May 8, 2012 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.

“This development will incorporate Ormat’s low-operating-cost design and our consistent project completion standards,” said Yoram Bronicki, president and COO of Ormat. “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.”

Source: Ormat release via Marketwatch

Early Industry Practices Brought to Light at Recent Hawaii County Council Hearing

Mililani Trask Brings Light to Early Hawaii Utilities Industry

Monday, July 2, 2012 - Hilo, Hawaii

Mililani Trask addresses the Hawaii County Committee on Agriculture, Water, and Energy Sustainability. Near the end of her presentation, she has brought to the Council Member's attention a few archived documents of early Industry between the utility companies here in Hawaii.

Hawaiian Electric Industries Inc. (HEI) of Honolulu, and Ormat Energy Systems Inc. of Sparks, Nev., Monday announced the execution of a Memorandum of Understanding to jointly develop geothermal power plants on the island of Hawaii. The parties said they hope to enter into a final partnership agreement by the end of October. Under the terms of the Memorandum of Understanding, Ormat will sell 50 percent of its subsidiary Puna Geothermal Ventures (PGV) to HEI subsidiary Hawaiian Electric Renewable Systems (HERS). Ormat will continue to be the managing partner for geothermal projects to be developed by the partnership.
 
PGV is the first company to receive necessary government approvals to develop a commercial geothermal energy plant in Hawaii. A 25 megawatt plant is expected to be operational by the end of 1990. PGV has a contract to sell electricity produced by the plant to Hawaii Electric Light Co., which serves the island of Hawaii. In addition to PGV's 500 acre power plant site, PGV has surface rights on another 10,000 acres in the Puna district of the island, with mineral lease rights on 4,500 of those acres. A small experimental geothermal power plant owned by the State of Hawaii has been generated in this area since 1982.
 
Hezy Ram, president of Ormat Energy Systems said: "We see a great deal of synergy in joining forces with HEI. Ormat brings 25 years of worldwide leadership in developing pollution-free power plants utilizing locally available heat sources, as well as the track record of developing and operating nine geothermal power plants, with two more under construction. "HERS, on the other hand, is uniquely positioned to assist the partnership in all matters pertaining to doing business in Hawaii."
 
HEI President C. Dudley Pratt, Jr. said HEI "is pleased to be an active participant in the development of geothermal energy in Hawaii. Ormat has an excellent record of environmental protection wherever it has built geothermal energy plants. HEI is committed to being a leader in renewable energy development in the state, and our agreement with Ormat supports this goal."
 
HEI's other renewable energy projects in Hawaii are windfarms on the island of Hawaii and Oahu. The Oahu facility includes the world's largest horizontal axis wind turbine now in operation, the Boeing MOD-5B.

Download Document: HERE