Nevada Power Company, a wholly-owned subsidiary of Sierra Pacific
Resources (NYSE:SRP), Kern River Gas Transmission Company, a
wholly-owned subsidiary of MidAmerican Energy Holdings Company, and
Ormat Nevada Inc., a wholly-owned subsidiary of Ormat Technologies Inc.
(NYSE: ORA) announced today plans to build a six-megawatt (MW)
waste-heat recovery renewable energy project in the Goodsprings area
approximately 35 miles south of Las Vegas.
The project, subject to regulatory approvals, is scheduled to be
completed in 2010 and will produce enough renewable energy to supply
1,200 residential customers in southern Nevada.
"We are very pleased to be able to reach agreements to bring another
renewable energy project to southern Nevada,”
said Tom Fair, Sierra Pacific Resources executive, renewable energy.
"This innovative energy recovery project is another step in our
commitment to invest in more renewable projects."
"Kern River is proud to be part of this
environmentally sound project,” said Micheal
Dunn, Kern River president. "These systems
will generate additional power with no increase in emissions. With the
renewed focus on green power, Kern River developed a company goal to
evaluate waste heat recovery systems. We’re
pleased to be part of this project and assist one of our largest
customers in meeting their goals of supplying renewable power.” "We are happy to have been chosen to be the
supplier for this first Recovered Energy Generation Power Plant (REG) in
Nevada, the first REG unit to be owned by a Utility and the first REG
installation on the Kern River Pipeline,” said
Dita Bronicki, Chief Executive Officer of Ormat. "The
leadership of Sierra Pacific Resources in the implementation of the
Renewable Portfolio Standard is once again demonstrated in this project
which produces electricity without burning additional gas and without
emissions, and therefore increases the utilization of the energy content
of the gas by approximately 25%.”
The project consists of two agreements. The first agreement, between
Nevada Power and Kern River, allows Nevada Power to build the facility
at Kern River’s Goodsprings compressor
station site. In the second agreement Nevada Power has contracted with
Ormat to engineer, procure and construct the waste heat recovery system.
Ormat has developed a proprietary technology that efficiently harvests
waste heat at such facilities to produce electrical energy. Financial
terms of the agreements were not disclosed.
Nevada Power will file the Kern River agreement with the Public
Utilities Commission of Nevada (PUCN) for approval of the project.
In the normal operation of the compressor station, some waste heat is
released. This thermal energy can be captured and converted to
electricity by the installation of an energy converter similar to those
used in geothermal electricity generation. The Goodsprings Project will
use three heat exchangers to capture the heat from each of the existing
gas turbines used to compress the gas and a recovered energy generator
to produce the electrical output.
About Sierra Pacific Resources:
Headquartered in Nevada, Sierra Pacific Resources is a holding company
whose principal subsidiaries are Nevada Power Company, the electric
utility for most of southern Nevada, and Sierra Pacific Power Company,
the electric utility for most of northern Nevada and the Lake Tahoe area
of California. Sierra Pacific Power Company also distributes natural gas
in the Reno-Sparks area of northern Nevada.
About Kern River Gas Transmission:
Kern River Gas Transmission Company owns and operates a 1,680-mile
interstate natural gas pipeline between southwestern Wyoming and
Southern California. With headquarters in Salt Lake City, Kern River
currently delivers more than 1.7 billion cubic feet per day of natural
gas to expanding markets in Utah, Nevada and California. Kern River is a
subsidiary of MidAmerican Energy Holdings Company. Company information
is available at www.kernrivergas.com.
MidAmerican Energy Holdings Company, based in Des Moines, Iowa, is a
global provider of energy services. Through its energy-related business
platforms – PacifiCorp, MidAmerican Energy
Company, CE Electric UK, Kern River Gas Transmission Company, Northern
Natural Gas Company and CalEnergy –
MidAmerican provides electric and natural gas service to more than 6.9
million customers worldwide. Information on MidAmerican is available on
the Internet at www.midamerican.com.
About Ormat Technologies:
Ormat Technologies, Inc. is the only vertically-integrated company
primarily engaged in the geothermal and recovered energy power business.
The company designs, develops, owns and operates geothermal and
recovered energy-based power plants around the world. Additionally, the
company designs, manufactures and sells geothermal and recovered energy
power units and other power-generating equipment, and provides related
services. The company has more than four decades of experience in the
development of environmentally-sound power, primarily in geothermal and
recovered-energy generation. Ormat products and systems are covered by
more than 75 patents. Ormat currently operates the following geothermal
and recovered energy-based power plants: in the United States - Brady,
Heber, Mammoth, Ormesa, Puna, Steamboat and OREG 1; in Guatemala –
Zunil and Amatitlan; in Kenya - Olkaria; and in Nicaragua - Momotombo.
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