RAM Power is “Ram Power is seeking investors for its debut pair of geothermal projects in California and Nevada. The funds would go toward the development of the 40-45 MW Pearl Hot Springs project in Esmeralda County, Nev., and 50 MW project in Imperial Valley, Calif., slated for operation between 2012 and 2013, respectively. Each will cost $100 million.”, so Power Finance & Risk in a recent article.
U.S. based RAM Power Inc., led and founded by former Ormat executive Hazy Ram, is owned to 37% by Icelandic Geysir Green Energy with headquarters in El Centro, California. In August 2008, the company secured more than a third of available leases auctioned off by BLM in Nevada. It is estimated that the company spend about US$ 10 million.
