U.S. Geothermal to Buy Ram Power's Geysers Project (Businessweek)
U.S. Geothermal Inc. has agreed to buy Ram Power Corp's. proposed Geysers California geothermal project for $6.4 million in cash.
The acquisition includes Ram Power units that own geothermal leases for about 3,809 acres, as well as design plans and permits for the proposed 26 MWe project, Boise, Idaho-based U.S. Geothermal said in a statement today. The transaction is expected to close on or before April 30.
The Ram subsidiaries included in the transaction are Western Geopower, Skyline Geothermal Holdings, and Etoile Holdings, which, in turn, includes all membership interests in Mayacamas Energy and Skyline Geothermal.
Read More.....
