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Message Subject Eruption Happening NOW Big Island Hawaii - Massive Flooding Ongoing From Lane
Poster Handle Paranoiaaaaa
Post Content
Mayor Thanks Ormat, PGV Regains Access After Eruption

"(BIVN) – Hawaiʻi County Mayor Harry Kim thanked Puna Geothermal Venture executives for a six-figure donation, a short time before the company was granted permission to cut an access road over the inactive lava channel that isolated the company’s power plant during the summer eruption of Kīlauea Volcano.

In a November 26 letter to Mike Kaleikini, the Senior Director of Hawaiʻi Affairs for PGV’s parent company, Ormat, Mayor Kim expressed gratitude for the “generous donation of $150,000 to help the people affected by the Lower East Rift Zone eruption.”

“This wonderfully meaningful gesture will go a long way toward supporting the County’s efforts to mitigate the arduous ordeal suffered by so many of our neighbors in the Puna community,” Kim wrote in the letter that was only recently posted to the county website. “It is especially meaningful because your company, Puna Geothermal Venture suffered alongside everyone in the eruption zone.”..."

[link to www.bigislandvideonews.com]
 Quoting: Paranoiaaaaa


I thought the good people of Hawaii paid the insurance premium so puna geothermal suffered no financial loss.
 Quoting: R&y


Oh, they had insurance, but a loss for $3 million wasn't covered.

"The $3 million in lost revenue reflected the first 30 days of the power plant’s shutdown, which was triggered by the eruption that began May 3.

Lava covered three of six PGV energy production wells and burned a substation along with an adjacent warehouse that held the drilling rig. Though the plant remains closed, Ormat has committed to retain and pay its 30 full-time PGV workers for at least a year.

Insurance held by Ormat covers lost profit and property damage up to $100 million but excludes the first 30 days of lost revenue, the company said."

[link to www.staradvertiser.com (secure)]
 
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