8-K

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                                  UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                ----------------

                                    FORM 8-K


                                 CURRENT REPORT

     PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


                        DATE OF REPORT: FEBRUARY 14, 2005



                            ORMAT TECHNOLOGIES, INC.
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             (Exact name of registrant as specified in its charter)


                          Commission File No. 001-32347

                Delaware                                No. 88-0326081
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        (State of Incorporation)                       (I.R.S. Employer
                                                   Identification No.)


    980 Greg Street, Sparks, Nevada                        89431
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(Address of principal executive offices)                 (Zip code)

                                 Not Applicable
          ------------------------------------------------------------
          (Former name or former address, if changed since last report)


       Registrant's telephone number, including area code: (775) 356-9029

     Check the appropriate box below if the Form 8-K filing is intended to
     simultaneously satisfy the filing obligation of the registrant under any of
     the following provisions (see General Instruction A.2. below):

     [ ]  Written communications pursuant to Rule 425 under the Securities Act
          (17 CFR 230.425)

     [ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
          CFR 240.14a-12)

     [ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
          Exchange Act (17 CFR 240.14d-2(b))

     [ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
          Exchange Act (17 CFR 240.13e-4(c))






                                TABLE OF CONTENTS



Item 8.01         Other Events
Item 9.01         Financial Statements and Exhibits
Signature
Exhibit Index
Ex-99.1:          Press release






































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                    INFORMATION TO BE INCLUDED IN THE REPORT




ITEM 8.01. OTHER EVENTS

Ormat Technologies, Inc. (NYSE: ORA) today announced that two of its
subsidiaries have entered into Supply and Engineering Procurement contracts for
a new geothermal power plant to be constructed on Sao Miguel Island in the
Azores. The contract is valued at 19,151,422 Euro (approximately US$25 million),
with construction on the power plant expected to be completed within 19 months
from the contract date.

The customer, a subsidiary of the local Electric Company in the Azores islands,
has purchased two Geothermal Power Plants from Ormat in the past.

The information furnished pursuant to this Item 8.01, including Exhibit 99.1,
shall not be deemed "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to
the liabilities under that Section, or incorporated by reference in any filing
under the Securities Act of 1933, as amended, or the Exchange Act, except as
shall be expressly set forth by specific reference in any such filing.


ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

(c) The following exhibits are furnished as part of this report on Form 8-K:

99.1 Press release of Registrant dated February 14, 2005


SAFE HARBOR STATEMENT

Information provided in this report on Form 8-K may contain statements relating
to current expectations, estimates, forecasts and projections about future
events that are "forward-looking statements" as defined in the Private
Securities Litigation Reform Act of 1995. These forward-looking statements
generally relate to the company's plans, objectives and expectations for future
operations and are based upon management's current estimates and projections of
future results or trends. Actual future results may differ materially from those
projected as a result of certain risks and uncertainties. For a discussion of
such risks and uncertainties, see "Risk Factors" as described in the Company's
Prospectus filed with the Securities and Exchange Commission on November 12,
2004.





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These forward-looking statements are made only as of the date hereof, and we
undertake no obligation to update or revise the forward-looking statements,
whether as a result of new information, future events or otherwise.
































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                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                      ORMAT TECHNOLOGIES, INC.
                                             (Registrant)



                                     By  /s/ Yehudit Bronicki
                                        ----------------------------------------
                                        Yehudit Bronicki
                                        Chief Executive Officer

Date: February 14, 2005





























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                                  EXHIBIT INDEX

    Exhibit
    Number                           Description
    ------                           -----------

      99.1          Press Release of Registrant dated February 14, 2005

                      .


























                                       6

EX-99.1

                                                                    [ORMAT LOGO]


PRESS RELEASE

FOR IMMEDIATE RELEASE
- ---------------------
Ormat Technologies Contact:                 Investor Relations Contact
Dita Bronicki                               Jeff Corbin/Lee Roth
CEO and President                           KCSA Worldwide
+1-775-356-9029                             212-896-1214/212-8961209
dbronicki@ormat.com                         jcorbin@kcsa.com/lroth@kcsa.com
- -------------------                         -------------------------------


         ORMAT TECHNOLOGIES SECURES $25 MILLION CONTRACT FOR GEOTHERMAL
                       POWER PLANT IN THE AZORES ISLANDS

SPARKS, NEVADA, FEBRUARY 14 2005 -- Ormat Technologies, Inc. (NYSE: ORA)
announced today that two of its subsidiaries have entered into Supply and
Engineering Procurement contracts for a new geothermal power plant to be
constructed on Sao Miguel Island in the Azores. The contracts are for a total of
19,151,422 Euro (approximately $25 million), with construction on the power
plant expected to be completed within 19 months from the contract date.

The customer, a subsidiary of the local Electric Company in the Azores Islands,
has purchased two Geothermal Power Plants from ORMAT in the past.

The new power plant is expected to contribute to the efforts of the local
authorities to have the base load needs of the Island provided by dependable,
indigenous and clean geothermal power. The new plant will optimize energy
utilization by converting into electric power energy from both geothermal steam
and brine from geothermal wells. Unlike the flash steam turbine plants which
consume water in the cooling towers, the new plant will use air-cooled
condensers which enable 100% geothermal fluid reinjection. The 100% reinjection
serves both to sustain the reservoir and to produce electrical power with
virtually no environmental impact. It will utilize the hi-performance
hi-efficiency organic turbine developed by ORMAT for geothermal and
recovered-energy applications. The two existing ORMAT plants on the Island
already use air-cooled condensers.

Lucien Y. Bronicki, Chairman of the Board and Chief Technology Officer of Ormat
Technologies, said, "This contract marks our third Geothermal Power plant on the
Island of Sao Miguel, Azores, which demonstrates the effectiveness and
reliability of our solutions. The plant will be added to about 700 MW of
Ormat-supplied geothermal power in 18 countries. This increase further
reinforces the applicability and effectiveness of ORMAT's geothermal solutions
for island grids, in addition to larger national grids. "

Mr. Bronicki continued, "The Azores Islands are a significant resource for
geothermal development, which we believe will provide Ormat with additional
growth opportunities that we look forward to developing."





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 power plants and also designs,
develops and builds and plans to own and operate 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. Founded in 1994, the company currently has operations in the
United States, Israel, Guatemala, Kenya, Nicaragua and the Philippines.

SAFE HARBOR STATEMENT
Information provided in this press release may contain statements relating to
current expectations, estimates, forecasts and projections about future events
that are "forward-looking statements" as defined in the Private Securities
Litigation Reform Act of 1995. These forward-looking statements generally relate
to the company's plans, objectives and expectations for future operations and
are based upon management's current estimates and projections of future results
or trends. Actual future results may differ materially from those projected as a
result of certain risks and uncertainties. For a discussion of such risks and
uncertainties, see "Risk Factors" as described in the Company's Prospectus filed
with the Securities and Exchange Commission on November 12, 2004.

  THESE FORWARD-LOOKING STATEMENTS ARE MADE ONLY AS OF THE DATE HEREOF, AND WE
   UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE THE FORWARD-LOOKING STATEMENTS,
       WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE.






                               [PICTURE OMITTED]






           SOGEO's Two Geothermal Power Plants in Sao Miguel, Azores,
                           built by ORMAT; 1994, 1998.


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