Geothermal project to be constructed by SNC-Lavalin

Ram Power Corp., a renewable energy company focused on the development, production and sale of electricity from geothermal energy, said it has signed a letter of intent (LOI) with SNC-Lavalin Constructors Inc. for the construction of the 26 MW geothermal power plant at the Geysers steamfield in Northern California.

Under the terms of the letter of intent, SNC-Lavalin will engineer, design, and procure parts and equipment for the construction and commissioning of the Geysers Project. At the conclusion of the LOI period, scheduled for May 2012, the Ram Power plans to execute a definitive contract with SNC for the engineering, procurement and construction of the Geysers Project.

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