Not Enough Hot Air For Ormat’s Puna Plant
alarmClock Feb 04 10Monthly revenue is declining by less than $1 million at Ormat Technologies’ (NYSE:ORA) Puna Power Plant in Hawaii due to a decline in the supply of steam. Recent repairs to the plant had Puna running at 25 MW and was expected to eventually increase the output to 30 MW, the plant’s designed capacity. But according to Ormat officials, the plant was generating 17 MW of power last month. Fortunately for Ormat, they believe that a wellbore restriction is reducing the flow of steam to the plant. Ormat is currently working to correct this problem by cleaning the wells in hopes of allowing more steam to reach the plant. Full story...
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