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Polaris Renewable Energy Inc T.PIF

Alternate Symbol(s):  RAMPF

Polaris Renewable Energy Inc. is engaged in the acquisition, development and operation of renewable energy projects in Latin America. It operates 82 megawatts (MW) geothermal facility in Nicaragua, three run-of-river hydroelectric facilities in Peru, with a combined capacity of approximately 33 MW, a 25 MW solar plant facility in Dominican Republic, a six MW run-of-river hydroelectric facility in Ecuador and a 10 MW solar plant in Panama. Through its subsidiary, Emerald Solar Energy SRL, it operates the Canoa I Solar Park located in the Barahona Province, Dominican Republic. Its San Jacinto-Tizate Geothermal plant is located in northwestern Nicaragua, in the sire of San Jacinto, municipality of Telica, 20 kilometers from the city of Leon. Its Vista Hermosa Solar Parks are located in the village of Vista Hermosa, Corregimiento de Pueblos Unidos, Aguadulce district, Cocle Province. Through its subsidiary Generacion Andina SAC, it owns 8 de Agosto, a Run of River hydroelectric operation.


TSX:PIF - Post by User

Comment by greenandgoldon Mar 24, 2011 1:00pm
225 Views
Post# 18335132

RE: RE: RE: RE: RE: U.S. Geothermal

RE: RE: RE: RE: RE: U.S. GeothermalNo, I didn't say anything about sabotage. You're assuming every hole is easy to drill. The resource is guaranteed to be there but every hole is not going to be successful. Unfortunately every hole is going to be expensive.

Could they run out of money drilling unsuccessful holes? Sure, but I doubt it. Even if they did run out of money another company would purchase the land and drill until they got successful productive wells.

That's what I mean when I say the resource at SJT is guaranteed to be there. A geothermal drilling program (not any particular hole, where the chances are less than 50% of success) is very expensive but eventual success is guaranteed if the property has been vetted.



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