Nicaragua:

Ram Power Announces Tariff Increase for San Jacinto-Tizate Project (Equities.com)

San Jacinto-Tizate geothermal power project 

(Courtesy Ram Power)

Ram Power, Corp. has announced that it has reached an agreement with the Nicaraguan Government to increase the power sales tariff for the San Jacinto-Tizate geothermal power project.

The tariff increase request was thoroughly reviewed by the Nicaraguan Ministry of Energy and Mines (MEM), the Nicaraguan Energy Institute (INE), Disnorte-Dissur, a subsidiary of Gas Natural Fenosa (the power purchaser under the Power Purchase Agreement for the Project), and the Nicaragua Energy Cabinet whose recommendation was subsequently acknowledged by Nicaraguan President Daniel Ortega. The formal documentation implementing the increased tariff is now expected to be registered expeditiously by INE.

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