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PUNA GEOTHERMAL VENTURE TO CONDUCT SERVICE TEST OF POWER PLANT IN HAWAII

PUNA GEOTHERMAL VENTURE TO CONDUCT SERVICE TEST OF POWER PLANT IN HAWAII
 SPARKS, Nev., Jan. 24 /PRNewswire/ -- OESI Power Corp. (NASDAQ: OESI) announced today that the company has been given the "go ahead" by the County of Hawaii to begin a service test of the company's 25 megawatt PUNA Geothermal Venture ("PGV") power plant located in Pohoiki, on the island of Hawaii. Testing began on Jan. 22, 1992, and will continue for 15 days. The service test is part of the transition from construction to the operating phase of the geothermal plant. Once the service test is completed and the company's drilling permits are reinstated, which is expected as soon as the County of Hawaii completes and finalizes the Emergency Response Plan for the project, the company will be able to finish the necessary work on well KS-8 which blew out in June 1991. James W. Porter Jr., chief executive officer of OESI, said, "After completion of the well, the project will be able to begin producing power for sale to the local utility, possibly as soon as one month after the permits are reinstated."
 During the service test, "clean" steam from a diesel-fired, mobile generator will be routed through the plant. "Clean" steam is to be produced from water processed through a mobile boiler. Geothermal steam will not be used during the test. Service testing is normally conducted using steam from the geothermal source; however, in view of the special circumstances surrounding the PGV project, the mobile steam generator has been brought in for this test. All permits to install and operate the mobile generator have been obtained from the state, and the service test will be monitored by Department of Health personnel. The generator will be disassembled and returned to the mainland after the test is completed.
 Since June 14, 1991, drilling at the PGV site has been suspended until measures are in place to avoid any accidental blowout such as that which occurred on June 12. Although the suspension of drilling is still in effect, non-drilling activities covered by the company's Geothermal Resource Permit ("GRP") have been allowed to continue.
 OESI Power Corp. acquires, develops, operates and sells interests in geothermal power projects in the Western United States, Alaska and Hawaii.
 -0- 1/24/92
 /CONTACT: Linda Stewart of OESI Power Corp., 702-355-5666/
 (OESI) CO: OESI Power Corp. ST: California IN: OIL SU:


DM-JL -- LA007 -- 3114 01/24/92 08:03 EST
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Date:Jan 24, 1992
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