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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.


TSX:PIF - Post by User

Polaris Renewable Energy Inc
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Comment by Greenandgold.on Oct 24, 2011 11:25am
170 Views
Post# 19175771

RE: RE: Correction

RE: RE: CorrectionYou're mucking up the numbers and dates to make your point.
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1) The Sprott $50 million credit facility maturity date was re-negotiated to September 30th, 2013, the end of the 3Q 2013, about 2 years from now.
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2) The company expects run-rate FCF of $12 million from SJT 1, and FCF of $3 million from SJT 2 (after paydown of the project loans).
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3) So, with 1.75 years of production from SJT 1, and .75 years of production from SJT 2, theoretically that should be $23.25 million that could go towards repayment of both interest and principal of the credit facility, before it hits its maturity date.
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4) Doesn't the company have cash from its previous financing? If SJT 1 and 2 are covered by their respective project loans, then couldn't this cash be used towards paying off the credit facility, or foolishly, to advance other developmental projects? I'd love to know how much cash RPG has right now.
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