Nicaragua:

Ram Power, Corp. Announces Commencement of 30-Day Stabilization Period for San Jacinto-Tizate (Financial Content  - News Release)

San Jacinto-Tizate project (Courtesy Ram Power, Corp.)

Ram Power, Corp. announced today that the company has commenced the 30-day stabilization period of the resource field for the San Jacinto-Tizate project.

Following the conclusion of the 30-day stabilization period expected on May 18th, Ram Power will conduct a 7-day performance test to determine the net operating output of the project which is expected to conclude on May 25th.

Upon completion of the plant capacity test, the company is eligible for distributions if it is able to meet certain debt service coverage ratios and other operational requirements.

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