Ormat (ORA) 8-K Entry into a Material Definitive Agreement

                            ORMAT TECHNOLOGIES, INC.
                            DIRECTOR'S COMPENSATION



FEES                                                           IN U.S. DOLLARS
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Director Retainer                                                      $25,000
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Board meeting fee

- -    In person                                                          $2,500

- -    Joining by telephone to an "in person" meeting                     $1,000

- -    Telephonic                                                           $500
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Committee meeting fee

- -    In person                                                          $1,500

- -    Telephonic                                                           $500
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Committee Chair

Audit Committee                                                         $7,500
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EXPENSE REIMBURSEMENT

Reimbursement of travel and lodging expenses for Board Meetings
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OPTIONS GRANTS

     -   Initial Grant (market price at date of grant;
exercisable 12 months from date of grant)                                7,500

     -   Annually from second year (at market price on
day of grant)                                                            5,000