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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 Apr 07, 2011 1:26pm
311 Views
Post# 18399847

RE: Over reaction

RE: Over reactionI think I answered this question. The construction is finished but they needed to schedule the drilling of additional injection capacity for Phase 1. I'm sure they'd like to do that immediately, but the drill is occupied trying to unlock the SJT2 loans (which is of course the priority). The drill rig will be free in July and September is therefore a reasonable goal, all the final work and testing has to be accounted for before COD. Frankly, I don't care about timing. As long as the project is completed this year and produces up to capacity I'm satisfied.
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