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:  January 29, 2007




Ormat Technologies, Inc.

(Exact name of registrant as specified in its charter)


Commission File No. 001-32347



Delaware

No. 88-0326081

(State of Incorporation)

(I.R.S. Employer
    Identification No.)

 

 

 

 

6225 Neil Road, Suite 300, Reno, Nevada

89511

(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 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item 9.01

Financial Statements and Exhibits

Signatures

Exhibit Index

Exhibit 99.1

  Ex-99.1

Press Release dated January 29, 2007



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INFORMATION TO BE INCLUDED IN THE REPORT


Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers


(b) On January 26, 2007, Elon Kohlberg informed the Company of his resignation from the Board of Directors, effective as of January 26, 2007 . Professor Kohlberg had also been a member of the Nominating and Corporate Governance  Committee of the Company.

A copy of the Registrant's press release in connection with the above, dated January 29, 2007, is furnished as Exhibit 99.1 to this report on Form 8-K and is incorporated herein by reference.



Item 9.01.  Financial Statements and Exhibits.


(c) Exhibits


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



99.1

Press release of the Registrant dated January 29, 2007.




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 Registrant’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 Ormat Technologies, Inc.’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 28, 2006 and the Prospectus Supplements filed with the Securities and Exchange Commission on April 5 and December 14, 2006.


These forward-looking statements are made only as of the date hereof, and the
Registrant undertakes 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: January 29, 2007



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EXHIBIT INDEX


Exhibit Number


Description

99.1

Press Release of Registrant dated January 29, 2007





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For Immediate Release  

Ormat Technologies Contact:

Investor Relations Contact:

Dita Bronicki

Todd Fromer / Marybeth Csaby

CEO and President

KCSA Worldwide

+1-775-356-9029

+212-896-1215 / 212-896-1236

dbronicki@ormat.com

tfromer@kcsa.com / mcsaby@kcsa.com





Ormat Technologies Announces Resignation of Director Elon Kohlberg



Reno, Nevada, January 29, 2007 – Ormat Technologies, Inc. (NYSE: ORA) today announced the resignation of Elon Kohlberg as a member of the Company's Board of Directors, effective January 26, 2007.  Professor. Kohlberg also had been a member of the Nominating and Corporate Governance Committee of the Company. Professor Kohlberg advised the Company that his resignation is driven by his need to devote more time to his teaching and research commitments.

The Company plans to fill Professor. Kohlberg’s board seat with another independent director within the next few weeks.


Dita Bronicki, Chief Executive Officer of Ormat, stated: “We thank and appreciate Elon Kohlberg for the time he served on our Board and wish him continued success in his academic and teaching career”.  


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. Ormat is a pioneer in Organic Rankine Cycle (ORC) technology and a leader in the manufacture of ORC power equipment.

It also designs, develops and builds, and owns and operates, 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 approximately 70 patents. Ormat currently operates the following geothermal power plants: in the United States -- Brady, Heber, Mammoth, Ormesa, Puna and Steamboat; in the Philippines -- Leyte; in Guatemala -- Zunil; in Kenya -- Olkaria; and in Nicaragua -- Momotombo. In the U.S., Ormat owns and operates four OREG1 Recovered Energy Generation plants.








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 Ormat's plans, objectives and expectations for future operations and are based upon its 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 Ormat Technologies, Inc.'s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 28, 2006 and the Prospectus Supplements filed with the Securities and Exchange Commission on April 5 and December 14, 2006.

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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