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Monday, April 20, 2015

Lawsuit alleges PGV owner Ormat Industries defrauded federal government

The owner of Puna Geothermal Venture has two weeks remaining to file an answer to a complaint alleging it defrauded the federal government of $13.8 million in stimulus funds to cover an expansion at the plant. Ormat Industries, the parent company of Hawaii Island's only geothermal power plant, "engaged in a scheme to obtain federal grant money under for geothermal energy projects which did not qualify for payment, and have misused and abused the federal funds they have received in order to falsely support geothermal energy projects that the government never intended, or would allow," according to an amended complaint filed in May 2014.

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