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San Jacinto-Tizate geothermal power project
(Courtesy Ram Power, Corp)
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As recently disclosed, Ram Power received approval from the Nicaraguan Government for a power sales tariff increase under its Power Purchase Agreement for the project. The tariff increase has been registered by the Nicaraguan Energy Institute and the Nicaraguan electricity grid operator, Centro Nacional de Despacho de Cargo, and is in effect for power sold from the project on or after October 1, 2012.
The Phase II, 36 MWe net expansion continues to be constructed on time and on budget, with construction activities 95% complete, power plant critical component engineering 100% complete and plant engineering 99% complete. The Phase II main transformer was successfully energized and plant pre-commissioning activities are ongoing. The unit is expected to be in commercial operation in December 2012.
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