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June 12, 2011 | admin | Comments 0

Agency signs PPA for new Geysers power plant

In Nevada, Ram Power, Corp. subsidiary Western GeoPower, Inc. (WGP) has signed an amended and restated power purchase agreement (PPA) with the Northern California Power Agency (NCPA). The deal purchases of all energy and available environmental attributes from WGP’s proposed geothermal power plant at The Geysers Geothermal Field. The PPA adjusts the purchase price, updates the milestones for completion of the project, adjusts the expected capacity of the project to 26 MW and extends the term of the agreement from 20 to 25 years.

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