Renewable Energy Stock Trading Alert: Ram Power. (TSX:RPG) Gains over 36%
Category: Investment, Renewable Energy
News about Ram Power
New York, NY - October 11, 2012 (Investorideas.com renewable energy/green newswire) Investorideas.com, a leader in renewable energy stock research for independent investors, issues a trading alert for renewable energy stock Ram Power, Corp. (TSX:RPG.TO), trading up at $0.26. gaining 0.07 or 36.84% as of 2:08PM EDT on over 5 Million shares. The stock had a high of $0.275 in earlier trading.
The Company reported news yesterday that it has reached an agreement with the Nicaraguan Government to increase the power sales tariff for the San Jacinto-Tizate geothermal power project (the "Project").
The tariff increase request was thoroughly reviewed by the Nicaraguan Ministry of Energy and Mines ("MEM"), the Nicaraguan Energy Institute ("INE"), Disnorte-Dissur, a subsidiary of Gas Natural Fenosa (the power purchaser under the power purchase agreement for the Project), and the Nicaragua Energy Cabinet whose recommendation was subsequently acknowledged by Nicaraguan President Daniel Ortega. The formal documentation implementing the increased tariff is now expected to be registered expeditiously by INE.
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.
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