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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 Ijustneed2milon Jan 01, 2015 4:43pm
218 Views
Post# 23278196

RE:RE:News

RE:RE:NewsThe loan agreement probably states that if a payment is missed, then the entire amount of the loan is immediately due.  Then, Ram is probably compelled by GAAP to record the entire amount of the loan as a short term liability.  I don't know what the loan ballance is, but it could screw up the balance sheet.  ----------------------------- I'm sure they are putting a positive spin on the prospects of the "strategic process."  I hope something positive happens soon for shareholders, but this company has a history of non execution.
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