Ram Power Corp. executes Mandate Letter with IFC to arrange debt financing for the US $216M Phase II of 72 MW San Jacinto Tizate Geothermal Project in Nicaragua
Under the non-binding terms of the Mandate Letter, IFC proposes to lend up to
IFC, a member of the World Bank Group, creates opportunity for people to escape poverty and improve their lives. We foster sustainable economic growth in developing countries by supporting private sector development, mobilizing private capital, and providing advisory and risk mitigation services to businesses and governments. Our new investments totaled
About Ram Power, Corp.
Ram is a renewable energy company based in
This press release contains “forward-looking information” within the meaning of applicable securities laws including information regarding the business of Ram. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by this information. The statements in this press release are made as of the date of this release. Ram, undertakes no obligation to update forward looking information, other than as required by law, or comment on analyses, expectations or statements made by third-parties in respect of Ram, or its financial or operating results or its securities.
SOURCE Ram Power, Corp.