Monday, January 09, 2012 11:28:31 AM
RENO, NV--(Marketwire - January 09, 2012) - 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, today announced that the Phase I expansion at San Jacinto-Tizate is in commercial operation.
"The completion of the Phase I expansion and turning the unit over to the Nicaraguan national integrated electrical grid operator for commercial operation marks the completion of a major milestone in the continued development of our San Jacinto-Tizate project," said Shuman Moore, Chief Executive Officer of Ram Power. "This could not have been accomplished without the exceptional efforts and dedication of Ram Power's employees at the project site, in our Managua office, our corporate office staff in Reno, our board of directors and our Phase I project lenders."
Antony Mitchell, Executive Chairman of Ram Power, stated, "We would like to thank our Phase I lending consortium including the Central American Bank for Economic Integration ("CABEI"), Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. ("FMO") and their affiliates for their continued support of this important project. We would also especially like to thank the Nicaraguan government and the Ministry of Energy and Mines, without whose support this expansion would not have been possible."
It's all happened before and it will all happen again. Might as well profit from it.
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