Project Description

• 10MW operating geothermal project, expanding to 46MW by Q1 2011 and to 72MW by Q4 2011.
  
• 25 year PPA with Union Fenosa for up to 72MW
  
  • US$92/MWh All 72MW beyond 2013
  • RECs monetized @ US$17/CO2e
    
• 36 MW expansion by Q2 2011
  
  • Addition of 36 MW flash turbine
• 36MW expansion to 72 MW by Q4 2011
  
  • Addition of  second 36 MW flash turbine
  • Decommissioning 10MW plant 
    
  • Final Configuration 2 X 36 MW turbines
    
  • Addition of 10 MW Bottoming Unit by Q3 2012  will bring total plant capacity to 82 MW
    

Project Location

• The San Jacinto Tizate resource, in Nicaragua, is one of the highest quality geothermal reservoirs being developed in the world
  
• Concession has potential of 200 MW+
  

 
Nicaragua Market Drivers

• Country rich in geothermal resources – natural fumaroles
  • 260 - 305ºC observed at depth
  • Extremely productive wells
• 77% of current power produced from imported fossil fuels
  
• Domestic and export demand for green power
  
• Take-or-pay PPA (22 year remaining term) with $12B (capital value) Spanish utility
  

 

Nicaragua Resource Area Locations
 


Project Updates-Nicaragua

• December 21, 2009 - Ram Power Closes on $77M Phase I debt financing.
  
• December 15, 2009 - Construction begins on 36 MW.
  

From left to right in photo:
Chris Thompson –  Chairman  Ram Power, Corp.
Emilio Rappaccioli – Minister of Mines and Energy
Jose Daniel Ortega Saavedra – President of Nicaragua
Hezy Ram – CEO & Director for Ram Power, Corp.
Tom Ogryzlo – Senior VP, Latin America for Ram Power, Corp

Environmental Impact Document
March 8, 2010 - To assure compliance with the U.S. Pelosi Amendment, the following document is being made available to the public:

This Environmental Impact Document (DIA) was prepared for and approved by Nicaraguan national and local authorities for the 72 MW San Jacinto- Tizate geothermal generation project. This document was released for public scoping prior approval by the regulatory agency with the issuance of Administrative Resolution No. 30-2008, followed by Administrative Resolution No. 30-2008A allowing for a change to a more efficient turbine technology.

The objective of this document was to provide the regulating authorities, local bodies, the public, and other stakeholders an assessment of the social, economic and physical impacts which may result from the development and generation of 72 MW net of electricity from the project’s geothermal resource.

These documents are provided in the original Spanish. For further information please contact us at info@ram-power.com and reference “SJT Environmental Documentation” in your message.

Environmental Impact Document (PDF: Spanish)