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In a paper published by the company, “Ram Power Corp. announced operating results for the first quarter ended 31 March 2012.

The achievement of commercial operation of the Phase I expansion of San Jacinto led to a significant increase in financial performance of the company. With $ 6,300,000 in revenues and $ 2.7 million in earnings before interest, taxes, depreciation and amortization (“EBITDA”) for the quarter, the company has taken a major step towards the generate the levels of cash flow necessary to be able to provide resources to distribute pipeline projects including the Casita and the Geysers. were implemented also cost control in the second half of 2011, to the increased profitability contributed.

Other highlights for the quarter ended 31 March 2012 are:

In January, the Phase I expansion of San Jacinto was put into commercial operation;

The Total sales for the three months was $ 6.3 million to $ 5.3 million from the prior year quarter;

EBITDA for the three months amounted to $ 2.7 million to $ 8.3 million from the prior year quarter; ‘ / li> General and administrative expenses for the three months to $ 3.2 million or 53% from the prior year quarter, and

the company a letter of intent with the SNC-Lavalin was for the construction of the Geysers project.

EBITDA increased to $ 2.7 million for the current quarter compared to negative EBITDA of $ 5.6 million in the prior year comparable period. The $ 8.3 million increase in EBITDA resulted from a $ 5.1 million increase in gross profit from operations in San Jacinto and a $ 3.2 million reduction in general and administrative costs. Although EBITDA is a non-GAAP measure, the Company believes that many of his financial-reader will find it to be a useful in assessing the performance of the company.

used for the current period, the company is $ 3.8 million for operations and $ 20.7 million for additions to geothermal properties and capital assets, including $ 20 million for the Phase I and II San Jacinto-Tizate expansion and another $ 0.7 million for exploration and development projects, with $ 21 million through the San Jacinto Phase II credit facility made available. On March 31, 2012, the company had free cash of approximately . $ 53.6 million, of which $ 40.9 million for use in the San Jacinto project instead of

Coinciding with today’s release, said Shuman Moore, president and CEO of Ram Power: “We are proud of consistent operating results to our 36-MW power phase-I expansion of San Jacinto-Tizate, commercial activity began this past January so far. Equally important, the company, the San lasts Jacinto Tizate Phase II development will be 36 MW net expansion on time and on budget, which, when completed by the end of the year, provide a further significant increase to revenues and EBITDA for the fiscal year 2013th In addition, I am very pleased with the progress we have made with the project, geysers and happy we look forward to the completion of the EPC contract for this project with SNC-Lavalin in the near future. “

Source: Company data release via Market Watch

Reported locally, “Diponegoro University in Semarang, Central Java, builds are performed to investigate potential geothermal resources in Indonesia Geothermal Research Center at the Faculty of computer science and mathematics.

” The geophysics and Geothermal Research Building begins today and is expected to close in November 2012, “said Dean of the University at the faculty of computer science and mathematics M Only here on Monday.

Just added that fossil fuels will not last forever remain plentiful and will one day be exhausted due to excessive consumption. This would require renewable energy sources such as geothermal energy to be a breakthrough.

“We see the potential of geothermal energy in Central Java in the Mount Dieng area, Wonosobo and is Ungaran and Semarang regency. The geothermal research center is expected to assist in the use of alternative energy sources, “he said.

only noted that the geophysics and geothermal research building to be built on an area of ​​2.105 square meters and is supported by the State ‘ s oil and gas company PT Pertamina.

“One day is to end the use of fossil fuels. Petroleum-powered cars will be ready. Therefore we need a long-term breakthrough for the new use of renewable energies, “he said.

After the rector of the university, Sudharto Indonesia is the use of fossil fuels is still as high as 95 percent of crude oil, natural gas and coal, and the remaining five percent is made up of new renewable energy alternatives made.

Although

national renewable energy consumption is only five percent, it will be targeted to increase 17 percent by 2025.

Pertamina General Manager Retail Fuel Marketing Region IV Rifky Hardijanto Effendi added that the funding for the construction of this facility, which is the third time, Pertamina has contributed to the building at the university.

“We distributed Rp7.2 billion to build, geophysical and geothermal energy system, and earlier we have also helped build the building on the University Faculty of Economics and Faculty of Engineering,” he said. “

Source: Antara News via Eco-Business

recently posted video shows the technical set-up of the Kalina cycle geothermal power plant in Germany Unterhaching,

The video is presented by Wasabi Energy in a corporate video with the geothermal power plant of Unterhaching. The Kalina cycle plant uses a binary system of Siemens AG, and produces electricity and heat for the local community.

… (sorry to post just now forgotten) and now here is the link to the video

reported from Malaysia, “the phase of the Tawau Green Energy geothermal power plant with capacity of 36MW is expected to be completed in 2015.

The power plant in Apas Kiri, which is the first project of its renewable and sustainable is kind in Malaysia, provides 30 MW of electricity-Sabah Sdn Bhd (SESB) grid.
Sustainable Energy Development Authority of Malaysia (Malaysia SEDA) Chairman Dr Fong Chan Onn Tan Sri, who had visited the project site yesterday, said the plant Malaysia will be the first grid connected geothermal power plant.

Fong said the renewable power plant is a unique prospect in the county and it is also acceptable to everyone in the community.

The project is Tawau Green Energy Sdn Bhd (TGE) set out to reduce the use of fossil fuels for electricity generation in the State Grid in line with Malaysia’s policy of sustainable development and global reduction of greenhouse gas emissions.

According to Fong to use the process of generating electricity with geothermal power plant is similar to other thermal power plants that use coal, oil or gas, except that it does not require burning any fuel.

Instead, geothermal power plant uses drawn from the natural steam and hot water from the geothermal reservoir, he said.

The geothermal power plant is a form of green energy that does not require fuel or combustion to produce heat or electricity, he said.

less carbon dioxide, nitrogen dioxide and no sulfur dioxide emitted by very small amounts, he added.

The project is estimated to cost RM419 million (($ 136,000,000) and it is also qualify for a grant of RM35million ($ 11.3m) from the Private-Public Partnership Unit of the Prime Minister’s department received for the access road and water treatment plant

Source:. The Borneo Post

reported by several media earlier this month and in the past, old mines have used a potential for using geothermal energy for heating the surface. There are actual projects and existing facilities, for example, in Springhill, Nova Scotia and planned project in Yellowknife in the Northwest Territories, both in Canada.

There was also

efforts by the mining group sales for the creation of review from abandoned mines. Now there is a “new study will help predict how much energy is used to collect the heat in abandoned mines.

could

researchers from McGill University in Montreal, said this type of geothermal energy use may be beneficial as one million people in Canada and have even far more flooded interested in much more densely populated countries such as Great Britain. By analyzing the heat flow through tunnels with water, and the group is a model that can be used to monitor the thermal behavior of a mine under different heat- extraction scenarios could be created using.

In a paper due the American Institute of Physics’ Journal of renewable and sustainable energy are released, the researchers calculate that every mile would produce a widespread deep underground mine 150kW heat. hot

Like other geothermal plants, mine water is often pumped to the surface, the heat and the cold water extracts on the floor again. But for this to be sustainable, need to remove the heat is not much easier, than can be replenished by the surrounding rock again. “

This could mean a big step forward, the use of abandoned mines.

Source: Sustainable Energy Systemz

is reported by the Jakarta Globe, the Indonesian government is “prepared to spend Rp 3.4 trillion ($ 366 million) to finance the construction of geothermal and micro hydro power plants.

The Money by the State Investment Agency (PIP), with the great financing infrastructure projects.

was asked to come

Soritaon Siregar, president of the PIP, said on Wednesday that the authority of the loans amounting to Rp 2 trillion ($ 215 million) for companies offering to geothermal power plants and other Rp 1.4 trillion ($ 151 million), the companies are building micro-hydro power plants built.

“We will sign three levels of projects in the near future,” said Saritaon in Jakarta after the signing of a Memorandum of Understanding with state utility Perusahaan Listrik Negara on Wednesday.

The government is promoting PLN and independent power producers to invest in “clean” energy.

Soritaon said his office had received several proposals from companies offering loans from the PIP for such projects.

Pertamina geothermal energy, geothermal energy unit of state oil and gas company Pertamina plans, two geothermal power plants with a total capacity of 110 megawatts in Ulubelu, Lampung, to build this year. Construction of the plant, which was launched earlier this year, should be completed by 2014, said Slamet Riadhy, the president director of the PGE. The two systems cost $ 270 million combined.

the company planned geothermal power plants are a model that is thrown from across the country. PGE operates a geothermal project in Muara Enim, South Sumatra. His other projects include a plan, a geothermal power plant in Karaha Bodas, West Java.

Indonesia

build an archipelago of more than 17,000 islands and has many volcanoes, it is desirable to develop these geothermal sources. is

Renewable energy makes

also includes the production of electricity from hydro, wind and solar energy sources.

Indonesia had electricity generation capacity of 28 462 MW by the end of last year, according to PLN data. coal-fired power plants account for about 42 , 2 percent of that capacity, diesel-fired power plants 23.7 percent, 22 percent natural gas, hydropower and geothermal 6.7 percent and 5.4 percent other renewables “

. Source: The Jakarta Globe

Narrated by

“Wasabi Energy (LON: WAS, ASX: WAS) has completed the company’s acquisition of 100 percent of the global geothermal Ltd.

It comes as the company is buying a 4.4 percent minority participation Global geothermal energy from the exergy by issuing 50 million new shares at 2 cents per share as payment.

Completed

As reported in January, last year the company Global Geothermal Ltd. purchased through the purchase of a number of Minority interests -. exergy as a

Managing Director and Chairman of wasabi, Global Geothermal Limited, said the acquisition of marked an “important milestone”

“With our acquisition of Global Geothermal Limited. and in turn has its own wholly-owned subsidiary Recurrent Engineering LLC, Wasabi Energy gained full ownership of the core Kalina Cycle technology portfolio, “he said.

Earlier this week, the company said it continued discussions with large groups around the world about the Kalina cycle technology “

Source:. Proactive Investors Hong Kong