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Ormat Technologies, Inc. Mammoth Pacific Replacement Project - Completed The Mammoth Pacific geothermal power plant in Mono County, California was originally built in 1984 and operated under a PPA with Southern California Edison Company. In March 2013, Ormat announced the termination of this PPA and the signing of a new 20-year PPA with Pacific Gas and Electric Company (PG&E) that allows for hourly energy deliveries of up to 7.5 MW. In order to maximize the value of this operating asset, Ormat commenced plans to refurbish and update the 6 MW plant. Refurbishing of the power plant took place throughout 2013 and was completed less than eight months from the start of mechanical construction. Original equipment was replaced with Ormat Energy Converters (OEC), which increased the power plant’s efficiency, improved the plant availability and power operation and lowered maintenance costs. Largest Single Binary Power Plant Opened in New Zealand The 100 MW Ngatamariki geothermal power plant in New Zealand was officially opened in September 2013, by owner Mighty River Power (MRP). It is the largest singular binary power plant ever constructed. Ormat was contracted by Mighty River Power to build the facility and installed Ormat Energy Converters 2012-2013 Sustainability Report to enable 100% of the exploited geothermal fluid to be re-injected. Ormat’s technology facilitates zero water consumption and low emissions, minimizing environmental impacts and preventing depletion of the underground reservoir. Ngatamariki was built in a record time of 24 months following the contract award in June 2011. Its power output is expected to be 3 MW higher than specified and the new station adds close to 700 GWh of annual electricity production to New Zealand’s grid, which is enough to power the electricity use of about 80,000 households. Dita Bronicki, former CEO of Ormat Technologies, was on hand to participate in the official opening ceremonies and commented, “We are pleased with the outperformance of the Ngatamariki power plant and are confident that the effectiveness and reliability of Ormat’s technology will continue to benefit our clients. During the last 25 years, Ormat has installed in New Zealand approximately 350 MW in 14 power plants, 60% of the new geothermal capacity in that country. We look forward to further expanding our activity with our partners in New Zealand in future geothermal development.” To view the official opening ceremonies of Ormat’s Ngatamariki power plant, click here: www.youtube.com/watch?v=sEdWXbn35kQ Refurbishment project in the Mammoth complex, CA, USA 22 The 100 MW Ngatamariki geothermal power plant in New Zealand built and supplied by Ormat in 2013 23PDF Image | Ormat Technologies
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