Ram Power is in the business of developing, owning, and operating clean, sustainable, renewable geothermal energy projects in North and South America. Ram Power’s goal is to become a world leader in geothermal power production.
Ram Power, Corp. (“Ram Power” or the “Company”) (TSX:RPG) is a renewable energy company focused in the business of acquiring, exploring, developing and operating geothermal power projects to address the growing demand for green energy in the United States and around the world. Founded in 2008 as Ram Power, Inc., by a highly experienced geothermal project development and management team, the Company combined with three publically traded Canadian geothermal power companies in October, 2009 to take advantage of the economies of scale in project development. Ram Power Corp., as the new corporate platform has an interest in geothermal projects in California, Nevada, Nicaragua, Canada and elsewhere. The Company’s mission is to become a leading global renewable power project developer and supplier of clean and reliable geothermal power.
Ram Power vs virtual data rooms
The US has a lot of unused land and resources that could be used to develop green energy. This is an opportunity for the country to create jobs and reduce the cost of electricity.
Virtual data rooms are being used by organizations looking to invest in green energy. They help them understand the process, risks, and opportunities before they invest in any project.
A virtual data room is an online repository that allows companies to store, share and collaborate on important business documents. It’s a secure place where all the stakeholders in a project can work together on the same files, which are stored in one central location that is easy to access from anywhere.
Moreover, the virtual data room is a secure online space where you can store, share and access all your company’s documents and files. It offers a secure environment for you and your team to collaborate on projects. Virtual data rooms have been used for years to provide a secure and efficient way for businesses to share sensitive information.
According to that, virtual data room providers are a great way to collaborate on project development for green energy. They provide an easy way to share information and files with your team, without having to worry about the security of your data.
The U.S. government has been working on developing green energy projects in recent years, with varying success rates. The Department of Energy has recently announced its plans for an initiative called the Clean Energy Smart Manufacturing Innovation Institutes (CESMII) program, which will be focused on developing innovative clean energy technologies and bringing them to market more quickly than ever before.
Ram Power’s projects:
The San Jacinto-Tizate geothermal project is located in the northwest of Nicaragua, near the city of Leon, approximately 100 km north of the capital city of Managua. The area has long been known for its natural fumaroles and geothermal resources, and San Jacinto-Tizate is one of the highest quality geothermal reservoirs being developed in the world. The concession has the potential to produce over 200 MW of power.
June 2011 – Well SJ 12-2 successfully flows and estimated to produce 20 MW which exceeded the minimum resource requirement for the company to begin accessing the Phase II $160 million debt facility.
November 2010 – Commercial operation dates for Phase I and Phase II have been adjusted, and are expected to be in Q2 2011 and Q1 2012 respectively.
November 2010 – Ram Power closes on $160 million Phase II debt financing.
The Geysers Project is a planned project to develop, construct and operate a steam-electric generation facility, an electric switchyard with transmission interconnection, a geothermal wellfield with steam collection and condensate re-injection systems, and related auxiliary systems located on approximately 200 acres in the Mayacamas Mountains of Sonoma County, California, approximately 12 miles north of the City of Healdsburg. The site is within the Geysers which has been the site of commercial power production since the mid 1960’s.
Prior to 2010, WGPI secured four geothermal leases (the Mayacamas, Filley, Filley-Brown and Serafine-Hernandez leases) covering 1,045 acres of private lands in the Geysers (the “Geysers Project Leases”). The Geysers Project Leases grant WGPI the right to explore and develop the geothermal reservoir and to build a plant for electricity generation. In 2010, an affiliate of the Company purchased the lessor’s fee interest in the land leased under the Mayacamas lease. In 2010, an affiliate of the Company purchased a 50% undivided interest in the geothermal rights in the land previously leased under the Filley and Filley-Brown leases (the “Filley Leases”). At the same time, WGPI amended, consolidated and restated the Filley Leases to continue leasing the other 50% undivided interest in the geothermal rights in such land and to eliminate certain performance conditions by WGPI to maintain the leases.
The Serafine-Hernandez lease (the “Serafine Lease”) was amended and restated in 2009. Subject to limited exceptions, the initial term of the Serafine- Lease is three years. The Serafine Lease remains effective after its initial three year term so long as hot water, steam, thermal energy or extractable minerals are produced in commercial quantities and utilized to produce gross revenue. Additionally, each lease remains effective after the three year initial term in the event that the Company has been continuously engaged, during the twelve months preceding the expiration of such lease, in continuous operations for drilling, reworking, recompleting or re-drilling of any new well or existing well on the leased land, and in other continuous operations to produce hot water, steam, thermal energy or extractable minerals in commercial quantities, and to utilize the same to produce gross revenue. In such case, the Serafine Lease will remain in force so long as operations are carried out diligently and in good faith with no cessation of more than one hundred twenty days. In February 2012, the Serafine Lease was amended to extend its initial term until February 12, 2017.
Annual rental payments are payable on the Filley Leases and the Serafine Lease. In addition, royalties are payable on those leases based upon gross revenue derived from power plants or from the sale of electricity. Royalties are also payable on those leases based upon the gross proceeds received by WGPI from any sale of extractable minerals or from utilizing hot water, steam or thermal energy for purposes other than electrical power generation. The current royalty terms are as follows: