Ram Power has commenced the 30-day stabilization period of the resource field for the San Jacinto-Tizate project.
Following the conclusion of the 30-day stabilization period expected on May 18th, the company will conduct a 7-day performance test to determine the net operating output of the project which is expected to conclude on May 25th.
Upon completion of the plant capacity test, the company is eligible for distributions if it is able to meet certain debt service coverage ratios and other operational requirements.
Ram Power executive chairman Antony Mitchell said, "The commencement of the 30-day stabilization period is the result of great efforts put forth by our resource team in San Jacinto. I would like to thank the shareholders and lenders for their continued support of the Project as we begin the final phase of the remediation program."