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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 OneEyeon Mar 19, 2016 10:49am
142 Views
Post# 24678762

RE:RE:RE:RE:RE:RE:RE:RE:RE:End of Month - February 2016

RE:RE:RE:RE:RE:RE:RE:RE:RE:End of Month - February 2016
Method, unless something is changed (and I look forward to reading their annual report), the cash flow is still trapped at the project level and not distributed to the company. ie; the bank owns the project. IF they ever get the debt holders to release cash, all could turn our rosy, but that (to my understanding) is dependent on the outcome of their drilling program. Remember, this is a 72 MW project that is producing 50 MW - much lower than the loan structure planned. OE
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