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«Ormat» will supply electricity to Los Angeles

The Israeli company «Ormat», occupying a leading position in the market of construction of geothermal power plants, reported the receipt of the last regulatory permission for the deal for the supply of electricity Management of electricity in southern California.

Under the contract the company will supply management 150 megawatts of electricity per year for 26 years at a price of 75.5 dollars per megawatt/hour.

All supplied electricity is intended to supply Los Angeles.

«Ormat» will supply electricity to Los Angeles 01.06.2017

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