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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

Post by greenandgoldon Apr 01, 2011 9:26am
385 Views
Post# 18372074

Conference Call

Conference CallListened to the conference call this morning. Key points:
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1) SJT1 COD pushed to September 2011. Drilling 2 injection wells in Q2.
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2) SJT2 COD pushed to Q3 2012 (they're trying to be conservative, it could be earlier).
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3) Acid wash of SJ9-3 might add 1 to 5 MW. Certification of SJT2 wells is ongoing, will be done in May to July timeframe. Testing is a process, 3 week shutdown of well to let it heat up, and 2 weeks for the long-term test. So after they complete the refork of the final well in May it might take until the first week of July to complete certification. It's ongoing, will unlock lots of money from May through July.
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4) Orita 4 well 80% of the way to target depth of 14,000 feet.
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5) John O'Neill definitely a mumbly numbers guy. Anthony Mitchell inspires a lot more confidence. 
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