RENO, NV–(Marketwire – Dec 12, 2012) – Ram Power, Corp. ( TSX : RPG ) (“Ram Power” or the “Company”), a renewable energy company focused on the development, production and sale of electricity from geothermal energy, announced today that it has terminated its power purchase agreement (“PPA”) with Nevada Power Company d/b/a NV Energy (“NV Energy”) for the sale of power from its Clayton Valley geothermal power project located in west central Nevada. The PPA termination will allow the Company to refocus its capital resources on its operating project in San Jacinto, Nicaragua.
“I would like to thank NV Energy for their cooperation in this PPA termination process,” said Shuman Moore, President and CEO of Ram Power. “As we continue to develop our Company, we are constantly evaluating our projects both near and long term, with a focus on developing those projects which will result in the maximizing of shareholder value.”
About Ram Power, Corp.
Ram Power is a renewable energy company based in Reno, Nevada, engaged in the business of acquiring, exploring, developing, and operating geothermal properties, and has interests in geothermal projects in the United States, Canada, and Latin America.