Polaris Renewable Energy Inc. (RAMPF)

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Ram Power, Corp. Announces Mechanical Completion of Phase I Expansion at San Jacinto-Tizate

RENO, NV--(Marketwire - October 17, 2011) - Ram Power, Corp. (TSX: RPG) ("Ram Power" or the "Company"), a renewable energy company focused on the development, production and sale of electricity from geothermal energy, is pleased to announce today that the Phase I 36 MW expansion at its geothermal power plant located at San Jacinto-Tizate, Nicaragua has reached mechanical completion.
Plant commissioning activities for the Phase I expansion have commenced and the unit is expected to be in commercial operation in December 2011. The commissioning process includes the coordinated turnover of all plant subsystems systems between the Phase I expansion contractor Dymel and the commissioning staff, including Fuji Electric Corp. of America, the manufacturer of the turbine and generator. The Phase I expansion will add 36 MW of capacity to the existing 10 MW backpressure units currently in operation at San Jacinto. Once the Phase II 36 MW expansion is completed (which is expected to occur in December 2012), the 10 MW backpressure units will be decommissioned leaving 72 MW (net) operating capacity at San Jacinto.
"The mechanical completion of the Phase I expansion at San Jacinto-Tizate is a major milestone for Ram Power and our subsidiary, Polaris Energy Nicaragua, S.A.," stated Shuman Moore, CEO of Ram Power. "The San Jacinto project has had significant challenges in its development, but through the hard work and determination of our employees in Nicaragua and the United States, we are now closer to our goal of producing clean geothermal power for the people of Nicaragua and value to our shareholders."