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Ram Power looks to fold in acquisitions

27 August 2009

Ram Power, a recently-formed geothermal developer, is completing a merger with two fellow developers and looking to bring their advanced projects to completion. The management of Ram, comprised of former employees of Ormat Technologies, will run the merged entity, which includes Polaris Geothermal, developer of the San Jacinto project in Nicaragua, and Western Geopower, which is developing a 35MW asset at the Geysers in California. Ram, which took control of the two companies after a reverse takeover of GTO Resources, recently completed a C$180 million...

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