Ormat Technologies, Inc. (NYSE: ORA) today updated the status of its Amatitlan project in Guatemala.
Amatitlan's gathering system was damaged following tropical storm 'Agatha', which struck Guatemala last week. The Company believes that most of the wells can be connected to the 20 MW plant quickly and partial operation of the power plant will resume as soon as the cleanup of the volcanic ash is completed. The Project was temporarily shut down following the May 28th volcanic eruption of Volcan de Pacya. It is not possible at this time to estimate when the power plant will be back on line in full operation.
The Company is in contact with its insurance carrier regarding physical damage to equipment and business interruption caused to the Plant.
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