RENO, NV, Dec. 23 /CNW/ - Ram Power, Corp. (TSX:RPG) ("Ram Power), through its wholly owned subsidiary Ram Power, Inc., has received a Geothermal Conditional Use Permit ("the Permit") for the 49.9 MW Orita I Project located in the Imperial Valley, California ("the Project"). The permit allows Ram Power to drill, sample, monitor and flow test up to six exploratory wells to determine the geothermal resource potential in the area. Ram Power intends to commence the drilling of several large diameter wells that may be utilized for commercial production/injection by the end of the first quarter 2010.
The Imperial County Planning Commission voted unanimously to grant the Permit, which is the first step in the construction of the $226 million Project scheduled for completion in the first quarter of 2013. Ram Power has a Power Purchase Agreement in place with Southern California Edison for up to 300 MW of clean, reliable power from its Orita geothermal leasehold.
As a representative for landowners of the 3,500 acres associated with the Project, Scott Emanuelli, said "We are very excited about the opportunities presented in the partnership with Ram Power. We are looking forward to a successful project and to future relationship we will have with Ram Power."
Christall Morris, Vice President, Land and Permitting for Ram Power, said "Approval of the Conditional Use permit is a key project milestone. We appreciate the support given to us by community, the Imperial County Planning Commission and the state of California as we advance the Orita I Geothermal Project."
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 an interest in geothermal projects primarily in California, Nicaragua and Nevada.
This press release contains "forward-looking information" within the meaning of applicable securities laws including information regarding the business of Ram. Readers are cautioned to not 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, or its financial or operating results or its securities.
SOURCE Polaris Infrastructure Inc.
For further information: For further information: Dan Schochet, Executive Vice President, Ram Power, Corp., Phone (775) 398-3703, Email: Dan@ram-power.com, www.ram-power.com