|By Marketwired .||
|April 28, 2014 05:02 PM EDT||
RENO, NV -- (Marketwired) -- 04/28/14 -- 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, announced today that the Company has commenced the 30-day stabilization period of the resource field for the San Jacinto-Tizate project (the "Project"). Following the conclusion of the 30-day stabilization period expected on May 18th, the Company will conduct a 7-day performance test to determine the net operating output of the Project which is expected to conclude on May 25th. Upon completion of the plant capacity test, the Company is eligible for distributions if it is able to meet certain debt service coverage ratios and other operational requirements.
"The commencement of the 30-day stabilization period is the result of great efforts put forth by our resource team in San Jacinto," stated Antony Mitchell, Executive Chairman for Ram Power. "I would like to thank the shareholders and lenders for their continued support of the Project as we begin the final phase of the remediation program."
About Ram Power, Corp.
Ram Power is a renewable energy company engaged in the business of operating and developing geothermal properties and has interests in geothermal projects in Nicaragua and the United States.
This press release contains "forward-looking information" within the meaning of applicable securities laws including information regarding the business of Ram Power. Readers are cautioned not to place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by this information. The statements in this press release are made as of the date of this release. Ram Power undertakes no obligation to update forward-looking information, other than as required by law, or comment on analyses, expectations or statements made by third parties in respect of Ram Power, or its financial or operating results or its securities.