Remediation program at San Jacinto will end in December
The achievement of commercial operation of the Phase II expansion at San Jacinto in Nicaragua in December 2012 continued to generate strong year-over-year revenue growth for the Company of $11.2 million for the three months ended September 30, 2013, compared to $6.9 million for the same period in 2012, a 62% increase.
Antony Mitchell, Executive Chairman for Ram Power, stated, “Notwithstanding the interruptions in production that occurred due to the remediation program, San Jacinto continues to generate strong revenue and EBITDA for the quarter. We look forward to the successful completion of the remediation program in December, and the continued review and reductions of all general and administrative costs across the Company.”
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