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Ram Power Announces Grid Synchronization for Its Phase II Expansion at San Jacinto-Tizate
Published : December 19, 2012
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Keywords :   Canada | Nicaragua | Ram Power | Reliance |

RENO, NV--(Marketwire - December 19, 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, is pleased to announce that the Phase II expansion at San Jacinto-Tizate has been successfully synchronized to the Nicaraguan national integrated electrical grid. The Company expects commercial operation of the Phase II expansion to begin at the end of the month. In addition, the Company received its final $18 million draw under the Phase II Credit Facility which will be used for payment of remaining Phase II construction costs, funding of project reserves and payment of interest during construction. 

"Synchronization of the Phase II expansion brings to a near close the largest single private investment in the country of Nicaragua," stated Shuman Moore, President and CEO of Ram Power. "Upon commercial operation, the San Jacinto-Tizate project will deliver approximately 17% of the energy needs of Nicaragua, bringing much needed based load renewable power to the region and long-term value to our shareholders." 

About Ram Power, Corp.

Ram Power is a renewable energy company based in Reno, Nevada, engaged in the business of acquiring, exploring, developing, and operating geothermal properties, and has interests in geothermal projects in the United States, Canada, and Latin America. 

Cautionary Statement

This news release contains certain "forward-looking information" which may include, but is not limited to, statements with respect to future events or future performance, management's expectations regarding the Company's growth, results of operations, estimated future revenues, requirements for additional capital, revenue and production costs, future demand for and prices of electricity, business prospects and opportunities. In addition, statements relating to estimates of recoverable geothermal energy "reserves" or "resources" or energy generation are forward-looking information, as they involve implied assessment, based on certain estimates and assumptions, that the geothermal resources and reserves described can be profitably produced in the future. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. Such factors include, among others, general business, economic, competitive, political and social uncertainties; the actual results of current geothermal energy production, development and/or exploration activities and the accuracy of probability simulations prepared to predict prospective geothermal resources; changes in project parameters as plans continue to be refined; possible variations of production rates; failure of plant, equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the geothermal industry; political instability or insurrection or war; labor force availability and turnover; delays in obtaining governmental approvals or in the completion of development or construction activities or in the commencement of operations; as well as those factors discussed in the section entitled "Risk Factors" in the Company's Annual Information Form. These factors should be considered carefully and readers of this news release should not place undue reliance on forward-looking information.

Although the forward-looking information contained in this news release is based upon what management believes to be reasonable assumptions, there can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Such forward-looking information is made as of the date of this news release. Other than as required by applicable securities laws, Ram Power assumes no obligation to update or revise the information contained in this news release to reflect new events or circumstances.



Steven Scott
Director of Investor Relations
Ram Power, Corp.
Phone: 775-398-3711
Email: Email Contact
www.ram-power.com

Data and Statistics for these countries : Canada | Nicaragua | All
Gold and Silver Prices for these countries : Canada | Nicaragua | All
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Ram Power Corp.

CODE : RPG.TO
ISIN : CA7513081074
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Financings of Ram Power Corp.
3/20/2013, Corp. Announces Anticipated Closing Date for Senior Debent...
3/2/2011. Announces Closing of $50 Million Credit Facility
Nominations of Ram Power Corp.
9/30/2011, Corp. Announces Selby F. Little as Acting Chief Financial ...
9/28/2011, Corp. Announces Shuman Moore as President and Chief Execut...
Financials of Ram Power Corp.
10/31/2013Announces Release Date for Third Quarter Results
8/7/2013Announces 2013 Second Quarter Results
5/16/2013Announces 2013 First Quarter Results
4/25/2013Announces Release Date for First Quarter Results
3/27/2013Announces 2012 Year End Results
3/11/2013Announces Release Date for 2012 Year End Results
1/28/2013Announces a Corporate Reorganization and Strategic Initiativ...
11/15/2012Announces Continued Strong Operating Results for Third Quart...
11/1/2012Announces Release Date for Third Quarter Results
8/14/2012Announces Continued Positive Results With Record Revenue and...
8/2/2012Announces Release Date for Second Quarter Results
5/15/2012Announces Record First Quarter 2012 Results
5/3/2012Announces Release Date for First Quarter Results
3/31/2012Announces 2011 Year End Results
3/12/2012Announces Release Date for 2011 Year End Results
11/14/2011Announces Third Quarter 2011 Results
11/11/2011Announces Release Date for Third Quarter 2011 Results
8/15/2011Announces Second Quarter 2011 Results
8/9/2011Announces Release Date for Second Quarter 2011 Results
6/6/2011Announces Release Date for First Quarter 2011 Results
4/1/2011Announces Fourth Quarter and 2010 Year End Results
Project news of Ram Power Corp.
8/15/2013(San Jacinto-tizate), Corp. Announces Updates for the San Jacinto-Tizate Project
7/18/2013(San Jacinto-tizate)Commences Drilling Operations at San Jacinto-Tizate
2/7/2013(San Jacinto-tizate), Corp. Announces Updates for the San Jacinto-Tizate Project
11/5/2012(San Jacinto-tizate)Announces Update for Its San Jacinto-Tizate Project
10/10/2012(San Jacinto-tizate)Announces Tariff Increase for San Jacinto-Tizate Project
7/26/2012(San Jacinto-tizate)Receives Initial Equity Distribution From Its San Jacinto-Ti...
6/7/2012(San Jacinto-tizate)Announces Update for San Jacinto-Tizate Project and Corporat...
2/21/2012(San Jacinto-tizate), Corp. Announces Updates for the San Jacinto-Tizate Project
2/6/2012(San Jacinto-tizate), Corp. Announces Updates for the San Jacinto-Tizate Project
3/25/2011(San Jacinto-tizate) Announces Successful Drilling Results at San Jacinto-Tizate
2/7/2011(San Jacinto-tizate) Announces General Corporate Update
Corporate news of Ram Power Corp.
10/2/2013, Corp. Announces Operational Update Including:
8/20/2013(San Jacinto-tizate), Corp. Announces Update for San Jacinto-Tizate
8/1/2013(San Jacinto-tizate), Corp. Announces Conversion of San Jacinto-Tizate Phase II ...
7/2/2013, Corp. Announces Agreement With Project Lenders to Extend C...
6/18/2013Announces Results of Annual and Special Meeting
6/4/2013, Corp. Announces Signing of Drilling Contract and Agrees Wi...
3/27/2013, Corp. announces closing of C$50.9 million Senior Debenture...
1/2/2013(San Jacinto-tizate)Announces Commercial Operation for Its Phase II Expansion at...
1/2/2013(San Jacinto-tizate)Announces Commercial Operation for Its Phase II Expansion at...
1/2/2013(San Jacinto-tizate)Announces Commercial Operation for Its Phase II Expansion at...
1/2/2013(San Jacinto-tizate)Announces Commercial Operation for Its Phase II Expansion at...
12/27/2012Announces Corporate Credit Facility Amendment Providing for ...
12/27/2012Announces Corporate Credit Facility Amendment Providing for ...
12/19/2012(San Jacinto-tizate)Announces Grid Synchronization for Its Phase II Expansion at...
12/12/2012Announces Termination of Power Purchase Agreement for Clayto...
3/27/2012, Corp. Announces the Signing of a Letter of Intent With SNC...
3/26/2012, Corp. Announces the Signing of a Mandate Letter With IFC f...
2/23/2012, Corp. Announces Updates for the Casita Project
1/9/2012(San Jacinto-tizate), Corp. Announces Commercial Operation of the Phase I Expans...
12/22/2011(San Jacinto-tizate), Corp. Announces Synchronization of the Phase I Expansion a...
12/6/2011, Corp. Announces Execution of Amendments to Credit Facility
10/26/2011, Corp. Announces San Jacinto Project, Casita Project and Ge...
10/17/2011(San Jacinto-tizate), Corp. Announces Mechanical Completion of Phase I Expansion...
9/15/2011, Corp. Announces San Jacinto Project and Corporate Finance ...
8/15/2011(San Jacinto-tizate)Confirms Resource and Closes $160 Million Credit Facility fo...
6/10/2011Northern California Power Agency Signs Power Purchase Agreem...
6/9/2011(San Jacinto-tizate), Corp. Announces Successful Production Test Results at San ...
6/8/2011, Corp. Announces Resolution of Credit Facility Non-Complian...
3/29/2011Northern California Power Agency Approves Power Purchase Agr...
3/24/2011(San Jacinto-tizate), Corp. Announces Successful Drilling Results at San Jacinto...
3/2/2011, Corp. Announces Closing of $50 Million Credit Facility
2/7/2011 Announces General Corporate Update
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