Japan's Ministry of Economy, Trade and Industry releases details on the recently announced liability guarantees for two geothermal projects through Japan Oil, Gas and Metals National Corporation (JOGMEC).
Ram Power Corp. reports revenues of $42 million from its San Jacinto-Tizate geothermal power plant in Nicaragua. This represents an increase of 65% over 2012 results, also having significantly increased EBITDA from the plant to $28 million.
The Public Investments Committee urges the Kenyan government to adequately fund geothermal exploration of GDC to ensure continued development for the benefit of lowering electricity costs to the public.
The consortium around the Sarulla geothermal power project in North Sumatra has secured $1.17 billion in project financing. The consortium consists of Medco, Itochu, Kyushu and Ormat. Ormat will supply its energy converts valued at $254 million.