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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 05, 2015 6:10pm
163 Views
Post# 23287742

RE:News makes quite a splash....

RE:News makes quite a splash....
I admire your optimism cosmicac. I'm wondering if the "interested parties," were waiting to see if Ram's creditors would shield from default. The creditors are being accommodating, so they must believe helping Ram find a partner, by not seizing Ram's assets, is the best course of action. I would guess the last thing the lenders want to do is take possession of a geothermal plant, or force the company into bankruptcy, but it is still a vote of confidence for Ram's management that more than one lender is allowing the company continue.
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