ISRAEL 
HIGH-TECH & INVESTMENT REPORT

from the October 2005 issue


Ormat Technologies to Supply India's UltraTech


Ormat Technologies, Inc. (NYSE:ORA) announced that one of its subsidiaries has entered into a US$4.35 million agreement with UltraTech Cement Ltd. of Mumbai, India, for the supply of one ORMATŪ Energy Converter (OEC) for a new Recovered Energy Generation (REG) Plant. The equipment is to be supplied within 14 months from the contract date.

UltraTech is one of India's largest cement groups, with approximately 17 million tons per annum of cement production capacity. Construction of the recovered energy power plant utilizing the readily installed and largely pre-assembled OEC at UltraTech's AP Cement Works in Tadpatri, in the Andhra Pradesh State, is being undertaken by UltraTech itself, supported by ORMAT's engineers. When completed, the OEC power plant will convert unused exhaust air from the cement plant's clinker cooler into electric power.

The relatively low temperatures of the clinker cooler exhaust air make conventional power solutions impractical, which is why UltraTech turned to ORMAT's organic Rankine cycle based OEC. This product is an environmentally friendly power recovery system that is well suited to work with lower temperatures, generating electricity on a continuous basis without interfering with the clinker production process. In consideration of the scarcity of water in the Tadpatri area, the OEC plant will employ air-cooled condensers. Mr. David Citrin, Vice President of Ormat International, Inc., said, "This will be the first project in India utilizing exclusively clinker cooler exhaust air for power generation. The power plant shall serve AP Cement Works' own in-house power consumption, substituting fossil-fuel power and avoiding approximately 22,000 tons of CO2 emissions per year, into the atmosphere."

Lucien Y. Bronicki, Chairman of the Board and Chief Technology Officer of Ormat Technologies, said, "This contract marks our second Recovered Energy Generation plant in the cement industry, adding to our Recovered Energy Generation Systems in gas compressor stations, gas processing plants, refineries and others. We look forward to further applications of this type, which are well suited to ORMAT's technology. "


Reprinted from the Israel High-Tech & Investment Report October 2005

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