Polaris Renewable Energy Inc T.PIF

Alternate Symbol(s): RAMPF

Utilities Utilities - Independent Power Producers

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.

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Polaris Renewable Energy Inc

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Comment by greenandgoldon Sep 22, 2011 5:10pm

205 Views

Post# 19073885

RE: RE: Are 10 times earnings out of wack?

How much debt is there now? I haven't been following that closely so I've lost count. Approximately 84 million (77 plus 7 extra) from the SJT 1 project loan, approximately 104 million drawn so far from the SJT 2 project loans, approximately 50 million in the Sprott/Rule corporate credit facility. So that's $238 million in debt. Please correct me if I'm wrong.
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Is $238 million going to drown RPG? It depends on how much revenue they produce from SJT1 next year and SJT in 2013. If they produce the amount of revenue projected ($60 million annually?) then that debt can paid down in just a few years.

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