Israel, Cyprus and Greece will lay the world's longest subsea electricity cable with funding from the EU.
With the Leviathan field beginning operations, royalties were actually 40% below expectations.
Ormat describes claims by Hindenburg Research as "inaccurate and filled with innuendo in an attempt to mislead investors."
Hindenburg Research has accused the Israeli geothermal energy company with "widespread and systematic acts of international corruption."
The maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel will rise by NIS 0.27 to NIS 5.99 per liter on Sunday night, March 1.