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Ram Power signs PPA of up to 300 MW for its Orita/ Imperial Valley project

Alexander Richter Alexander Richter 8 Aug 2009

Ram Power, Inc. announced that it has signed an agreement with Southern California Edison Company for the supply of up to 300 megawatts of clean, geothermal power.

Released by the company, Ram Power, Inc. announced that it has signed an agreement with Southern California Edison Company for the supply of up to 300 megawatts of clean, geothermal power.

The agreement, between Ram Power, Inc. and Southern California Edison, which is subject to approval of the California Public Utilities Commission, includes an initial contract for 40 to 100 megawatts of power from a geothermal generating facility, with two expansion options, each of the same capacity. The initial agreement as well as each option is for a primary term of 20 years with a 10-year extension by mutual agreement.

When complete, those projects (which are referred to as Orita 1, 2, and 3) are to include three facilities of up to 100 megawatts each. The projects, located in the Imperial County of California near the City of Brawley, are expected to come on line in 2013, 2014 and 2015, and will utilize double flash geothermal technology with the use of geothermal steam condensate as the primary source of make-up water for their cooling towers.

In making this announcement Daniel Schochet, Executive Vice President of Ram Power said, ?This is an example of Southern California Edison?s commitment to expanding its renewable energy portfolio and benefits its customers, suppliers and the environment.? Schochet added, ?We are pleased that with the Orita Geothermal Projects we can look forward to a productive, long-term partnership with SCE, which is the continuation of more than 25 years of the building of professional relationships by Ram Power?s senior management with Southern California Edison for the supply of clean, base-load, competitively priced geothermal energy.?

Source: Company release via GEA