Globes: Ormat unit obtains loans for Nevada, Kenyan projects
Published on Sep 26 2011 // Business and Financial News
In the US, the company has obtained a 20-year loan for up to $350 million from John Hancock Life Insurance Company, to finance the construction of three geothermal power stations for the generation of 113 megawatts Jersey Valley, Tuscarora and McGinness Hills in Nevada. The loan is guaranteed by the US Department of Energy’s Loan Programs Office under Article 1705 of Title XVII of the 2005 Energy Policy Act…
