Thursday, July 26, 2012

Nicaragua:

Ram Power Receives Initial Equity Distribution From Its San Jacinto-Tizate Project (Environmental Expert.com - News Release)


Ram Power, Corp. has announced that it has received an initial equity distribution of approximately $1 million from the San Jacinto-Tizate geothermal power project, which began commercial operation of its Phase I 36 MWe expansion in January 2012, and has produced approximately 157,000 MWh.

Polaris Geothermal Inc.'s Vice President, Operations and COO, Latin America, Tono Rodriguez, stated, 'The Phase I expansion continues to operate with better than average efficiency and availability, and we expect this trend to carry forward not only with Phase I, but also with the Phase II expansion scheduled for commercial operation in December 2012.'

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