RE: Trying to understand what revenues might be foThe 10MW Ram is generating at SJC is just a pilot project (it's been profitable and stable so that helps validate the whole project). I believe it is selling power at a below-market PPA (less than the $93, someone please confirm) and it is running with subpar turbines, Alstom 5MW back pressure units which are not the most efficient. They will eventually decommission this relatively inefficient pilot project once SJT1 and 2 are online.
SJT1 and 2 will run with state of the art Fuji flash turbines and will receive its full $93 per MW hour.
For 2011 I would anticipate:
4.5 million in revenue from the pilot project and 14 million in revenue from a half-year a production of SJ1 (36 MW x 8400 uptime hours x $93 per hour DIVIDED by 2). So 18.4 million for 2011 revenue. The higher revenue estimates were because SJT 1 and 2 were supposed to come online much earlier.
But I'm not going to be concerned about a few months missed revenues. It's most important that the plants are commissioned correctly and safely. If set up right these plants will produce energy and profits for longer than any of us will be alive. That's an investment in the future!