Lava Damages Puna Geothermal Venture Power Plant | WHAT REALLY HAPPENED

Lava Damages Puna Geothermal Venture Power Plant

Ormat Technologies Inc. provided an update on its Puna Geothermal Venture power plant on May 30, 2018.

Due to the approaching lava, the substation of the Puna complex and an adjacent warehouse that stored a drilling rig burned.

Both items are expected to be covered by the company’s insurance policies.

Ormat has property and business interruption insurance policies that include insurance coverage in a combined amount of up to $100 million in the event of volcanic eruptions and earthquake.

Comments

June 1

jrohio2

, 2018, 8:04 AM HST

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA