Ormat Technologies, Inc. Prices Initial Public Offering of Common Stock

Ormat Technologies, Inc. Prices Initial Public Offering of Common
Stock 


NEW YORK, Nov. 10  /PRNewswire-FirstCall/ -- Ormat Technologies, Inc.
(NYSE:ORA) today announced the pricing of its initial public offering of
6,250,000 shares of common stock at $15.00 per share.  The shares will trade on
the New York Stock Exchange under the ticker symbol "ORA."

Ormat Technologies has granted the underwriters a 30-day option to purchase up
to an additional 937,500 shares of common stock to cover over- allotments, if
any.  Lehman Brothers Inc. acted as the sole book-running manager of the
offering.  Deutsche Bank Securities Inc. acted as the joint lead manager and
RBC Capital Markets Corporation and Wells Fargo Securities, LLC acted as
co-managers.

About Ormat Technologies, Inc.

Ormat Technologies, Inc. is a vertically integrated company primarily engaged
in the geothermal and recovered energy power business.  The Company designs,
develops, builds, owns and operates geothermal power plants, and also designs,
develops and builds, and plans to own and operate, recovered energy- based
power plants. Additionally, the Company designs, manufactures and sells
geothermal and recovered energy power units and other power generating
equipment, and provides related services. Founded in 1994, the Company
currently has operations in the United States, Israel, Guatemala, Kenya,
Nicaragua and the Philippines.

A registration statement on Form S-1 relating to these securities has been
filed with and declared effective by the Securities and Exchange Commission.
The offering is being made solely by means of a prospectus.  This press release
shall not constitute an offer to sell or the solicitation of an offer to buy
nor shall there be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or jurisdiction.

   Copies of the final prospectus relating to this offering may be obtained
   by contacting:
   Lehman Brothers Inc.
   745 Seventh Avenue
   New York, NY 10019
   Attention: Prospectus Department
   Phone: [phone]


DATASOURCE: Ormat Technologies, Inc.



CONTACT:  Dita Bronicki, [phone], for Ormat Technologies, Inc.

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