Rame Energy plc (AIM:RAME) – energised and ready to produce
The independent power producer which arrived on AIM in April 2014 at a share price of 18p per share and has seen it decline ever since, issued positive news on its wind project in Chile. Clearly this business, with the majority of its operations and potential in Chile, is a tough one for UK investors to get to grips with!
?Today’s announcement confirmed it has formally transitioned into an independent power producer , alongside the Company’s development business, following the completion of all system certification to permit commencement of dispatch of power from its 15MW Raki / Huajache wind project in Chile.
The project is co-financed via a joint venture agreement with Santander Investment Chile Limitada in which Rame has a 20% equity participation. A 10 year power purchase agreement is in place with…
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