Ormat Technologies, Inc. Announces May 6, 2008 Annual Meeting of Stockholders

RENO, Nev., March 10 /PRNewswire-FirstCall/ -- Ormat Technologies, Inc. NYSE: ORA is pleased to announce that its 2008 annual meeting of stockholders will be held on Tuesday, May 6, 2008 at 1:30 P.M. local time at the offices of Chadbourne & Parke LLP, 30 Rockefeller Plaza, New York, New York.

(Logo: http://www.newscom.com/cgi-bin/prnh/20040422/LATH066LOGO)

A Notice of Internet Availability of Proxy Materials, including details of the annual meeting, will be mailed to stockholders of record as of March 21, 2008. Only stockholders of record at the close of business on that date will be entitled to vote at the meeting.

About Ormat Technologies

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 and 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. 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.

    Ormat Technologies Contact:            Investor Relations Contact:
    Dita Bronicki                          Todd Fromer / Marybeth Csaby
    CEO                                    KCSA Worldwide
    +1-775-356-9029                        212-896-1215 / 212-896-1236
    dbronicki@ormat.com                    tfromer@kcsa.com / mcsaby@kcsa.com