USA, Nevada:

Ram Power, Corp. Announces Signing of Drilling Contract and Agrees With Project Lenders to Extend Construction Loan Period for San Jacinto-Tizate (Marketwire - News Release)

Ram Power, Corp. has executed a drilling contract with ThermaSource Inc., for the remediation drilling program for the company’s San Jacinto-Tizate geothermal power project (scheduled to begin in early July 2013.

The remediation program, expected to be complete by late October 2013, calls for the refurbishment of two existing production wells with a targeted increase in steam availability of approximately 70-110 tonnes/hour, or approximately 9 to 14 MW of additional net capacity.

Any increased steam production from the remediation program would be available for production use the latter part of the year. Ram Power, together with Sinclair Knight Merz, the company’s resource consultant, finalized the remediation plan based on the production performance of the project during the first several months of operations.

ThermaSource Inc. will have a booth at the GEA Expo run in conjunction with the GRC Annual Meeting, Sept. 29-Oct. 2 at the MGM Grand, Las Vegas, Nevada.

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