Project Description                                         (page last updated November 15, 2010)

The Geysers Geothermal Field is home to the largest group of geothermal power plants in the world and is the location of the first commercial geothermal plant in the United States.  There are currently 18 geothermal power plants operating in the region.  The present generation of the entire region's resources is 900 MW.

Ram Power's Geysers Project is located on over 3,700 acres, approximately 12 miles north of the city of Healdsburg.  It is within the older, larger Geysers Geothermal Field which has produced commercial geothermal power since the early 1960s.  Sixty percent of the production wells have been drilled for the Geysers Project and major permits have been issued.  In addition, a 20 year PPA has been signed with the Northern California Power Agency.  It is expected that debt financing for the project will close in early 2011 with construction to follow, and that the project will be completed by 2013 in order to qualify for the federal investment tax credit or production tax credit.

Project Highlights 

• 25 MW power plant in development with construction expected to begin in 2011 and to be completed in 2013
• Major permits issued and 60% of production wells drilled 
• 20 year PPA with Northern California Power Agency
• Access to existing transmission line with no upgrades required
  

Project Updates

• November 2010 - Ram Power has decided to develop the Geysers Project internally. It is expected that financing will close early 2011 with construction to follow, and that the project will be completed by 2013
• August 2010 - With the control of the majority of the resource the Company is now considering a number of alternatives to maximize its investment in the project including building and operating a power plant, selling steam to existing power plants in the area, and leasing of the property to third parties
• June 2010 - The Company purchased 100% of the membership interests in Mayacamas Energy LLC, which has direct ownership of the 421 acres of land associated with the majority of the identified steam resource for the Geysers Project

Project Location

Geysers Project Well Productivity