I very, you appreciate and very Thank really remarks. Doron your much
to want implication few I an current potential on Ormat. on and COVID-XX move Before on operational review, I to its a minutes spend and update
prompt to minimize in implication As business. I opening my the steps in our took the employees COVID-XX on and mentioned quarter our remarks, first we
Our our their in while between and working they sure shits, was manufacturing all contact plant facility our different navigate The the employees employees able are work, separate shifts. to and first are safe that crisis priority this make minimizing unharmed. power continued to in physical
external essential. visitors and restricted activities to and critical limited We have
government location way and preparing office employees to who it. and worked Our instructions by their work able before return the to was gradual this and from home are now were remotely allow circumstances we required authorities local the where
employees due COVID-XX any to salaries. pay and continue the have full laid-off We or not furloughed to
them. continued work NXXmaskes in by communication packages local around health, in to with other outbreak, our We communities with power-plants. supporting Ormat focusing our our needs to on on their foreign donated education Reno and those food our communities donated the communities around and the power-plant COVID-XX raised ongoing following Also, local our hospital
potential to communicating approaching we're on the notify utility. when implications them customers are our any We and routinely with needed
did operations first our XXXX. not material a results we mentioned experience quarter of impact during on of As the
the experience of in among to started we an impact XXXX, business varies However, which segments. quarter second
that its declaring to event April expectation, In will majeure material reduce our segment we the to they electricity KPLC from believe stability impact force capacity complex of COVID-XX XXX.X of of megawatts. We expect revenue. to that have impact a letter our contracted In notice this to due Olkaria not long Despite their streams. a the XXX expected limited COVID-XX. revenue received on are impact claiming the contracted the term Kenya, and in our from on XX nature customer be we notice a the megabytes
April the on received declaring customer impact XX majeure a event COVID-XX. Additionally, due notice of force Honduras NA, from a we our to
in the of currently are our potential We notice consolidated evaluating this statement. financial impact
by not material, In the out funding ability growth impacted products in currently electricity segment ship addition, to might on be limited restrictions and more for of although travel foreseen, the global raw restrictions. our and local projects implications our and future procure
third of party products In our into product is contract on segment, which the recognition by our projects incorporated. revenue progress are the in of services delays impacted and the
may new efforts travel product restrictions impacted adversely of decision process of be to Our our impact contracts. revenue that sign because customers’ on and our can because
be do expect we updating progresses. we during as a significant contract to signed will XXXX be However, it and
Our has It might energy energy sale markets. prices, energy driven also have storage management to been and impacted turn back mainly services been by decline ancillary decline from and a revenues mild This COVID-XX. lower that’s revenue. in out impacted of natural services segment the winter primarily generate facilities services storage prices. ancillary by in There been gas
efforts critical potential sources future and impact uncertainties are we expand for base of continuing Given our and items. additional supply our during validate the COVID-XX, to regarding to
we and capital XXXX, growth agreement In to existing of lenders. through an to bonds million our plan of additional raised borrowed in pursuant $XX $XX addition, in expenditure and with April order loan a sale one million our the support
long the pandemic term together we of time. mentioned this took enabled to earlier, stable our the have contracted steps us and with of the COVID-XX I ease electricity As portfolio impact segment, at inherent
due X.X% to slide Kenya plant to and a in quarter to in in the Energy curtailments XX hours our megawatt power The to COVID-XX is decline plant, Generation NV line attributable mainly at of power by enhancements. generation. curtailments to due lower transmission X.XX our generation for other to XXXX. Power the in million first due Turning look declined from
providing the on at update Turning a to Puna. me slide few XX, an moments let spend situation
of of the upgrade the continues the All network continue. efforts As that today to received. sub-station of are expecting the HELCO required operation complete payments have its required reconstruction been efforts for construction with and and transmission approval. Puna the the is PUC at the
will was soon be which a On flow we rebuilt as of and power lines side, to transmission field have blocked of ready production other drilling enable the completed product to connected as the two the be is one to test, its after the by partial is wells, while expected plant HELCO.
by includes existing expect We upgrade assuming new filed of Currently and achieved. increase XX recovery successfully field megawatts wells. and network all of production and received, end completed of drilling the re-drilling to work, of are permits gradual we continue transmission which year, clean-out wells recovery the the is
last quarter, agreement with filed with and The was until announced PPA that we by current in X the the in for when total. we As is an This approval. PPA megawatts XX-megawatt HELCO XX commercial new new reaches PPA plant signed will extends reached the new PPA a PPA contract and which capacity current XXXX increases PUC megawatts the current the expected to new power operations, XXXX. replace terms
XX. Let for me on situation speak moment a on the slide insurance
rebuild some and accepted to for only interruption destroyed paying discussed provided we the interruption the As All in are coverage. the calls, and substation; by the business business previous for insurers scenarios consortium of coverage insurers. cost of insurances for a however, the started property maintain paying
first we $XX.X the that proceeds the of April ending million, quarter first income a total in of million recorded received we such In quarter. $X.X of
While our insurers. payments we are expecting is our filed from a which lawsuit we one being also with conducted insurance, of additional
million March, end we of business total interruption. damage the of and of property a for As received $XX.X
to growth target in our and XX, raised expenditure in us enables slide long our XXXX and credit maintain growth XXX until April additional of to order megawatts This we to support to lines XXX drew end we and the increased Turning capital of debt. term of XXXX. plans,
to and delay COVID-XX Heber will the Steamboat a second half for slight Complexes, in in experiencing ready be due work in our that of XXXX. operation continue We Heber
to we who the eligibility continue continuing be projects than investments prospects on to advance the efforts listed are the that in are listed earn additional our We slide PTC’s. expect and schedule. in U.S. other them and to the Other projects, on
update an for our XX slide to backlog. Turning on
$XX.X XXXX million. May was product our As of XX, segment backlog
in is periods, down previous of business our from While this segment fluctuations uncommon. not this are
at decline from of of the concern that in commitment backlog enter the potential a time. part the COVID-XX resulted in into believe current We and customers to the large impact
expecting during before, I be still as a and as we will progresses. are be We it to significant signed we said updating be XXXX will contract
on an XX slide to and our update Turning storage for energy services. management
weather providing megawatts announced managed Stryker and In impacted rental revenues we COVID-XX. Hinesburg in slowing ISO economic Plumsted including are Texas with by energy fleet, the operating services followed that and year, environment April ancillary were storage mainly this and England to quarter by and storage PJM Our facility that wholesale New in successfully our optimization operating, warm in and commented XX the market by ERCOT. first
are project California, COVID-XX work We to outbreak. interconnection delay as permitting [Inaudible] in EPC a in may experience the due slight we scheduled. progressing the and with
We portfolio. continue our efforts to storage expand our
to with Pomona upon project, half megawatt as the other the a definitive closing facility contracted signed expected of of we XXXX. related customary April, is battery Edison. a South total California storage is Closing for well conditions Pomona of agreement is during the XX million. for consideration $XX The second In contingent acquisition specific conditions. transaction Storage the The facility Energy as
to participate future XXX in to develop pipeline projects. be megawatts commissioned XXXX we development continue the COVID-XX, update Due to uncertainty between to We to RFPs and XXX around XXXX. our target new to
for enhancement Turning power to includes to for and construction $XXX projects expected our spend year our for released approximately million the of XX, construction. new rest management of plant for slide capital that expenditures capital the existing
for rest In development project to we million. In released the addition, capital was exploration aggregate, the we estimate be our expenditures, of approximately and slides. development additional $XXX for as full and total of production in the the Maintenance of estimate and expenditures $XXX not construction. to XXXX storage enhancement for million detailed captive facilities construction that yet
slide for XX turn the guidance. Please XXXX to discussion first of
well We are the the year Puna. around updating uncertainty due our in due COVID-XX full XXXX as duration to guidance implications, recent to and update as
million. million revenues between and with expect $XXX between revenues the total and We million, million $XXX segment $XXX electricity $XXX
We $XXX remain $XXX $XX as be continue from storage energy and demand million. Revenues to response million expect revenues product $XX between and and million activity expected, to million. segment between
that updating to between expected XXXX EBITDA is also adjusted and be million. $XXX We million $XXX are
EBITDA We million. be interest expect annual to approximately to minority the adjusted attributable $XX
last a to customers would personal Ormat such as devoted my support of and serve the this a before, on is It to all Now the wonderful Ormat. a years. six like and mentioned like shareholders note, employees, an conference company CEO last of and thank privilege to I of I as a our as CEO for continued their call during honor was
like for if And call please. now this the remarks Operator, open prepared concludes questions. I’d and you’d our to
