Article5 Feb 2015 09:24
Rame Energy sees finish line at Raki/Huajache as landslide is cleared
By Philip Whiterow
February 05 2015, 7:27am
Raki/Huajache will be the first project to be completed by renewable energy specialist Rame since it listed last April.
Raki/Huajache will be the first project to be completed by renewable energy specialist Rame since it listed last April.
Rame Energy (LON:RAME) expects construction to resume shortly at the Raki/Huajache wind project in Chile following disruption over Christmas following a landslide.
Rame, which has 20% stake in the project, said the obstruction caused by the slide has been cleared with the turbine components now en route and the first tower sections, nacelles and drive trains already on site.
Transportation of the blades is scheduled to commence within 4 days once final police escort clearance is obtained and Rame anticipates that the project construction works will be completed within six weeks.
Raki/Huajache will be the first project to be completed by renewable energy specialist Rame since it listed last April.
Tim Adams, chief executive, said: "The interruption caused by the landslide delaying transportation of turbine components to the site has presented a significant challenge to the expected timing of this project but we have taken all the steps necessary to minimise the impact.
"The main installation crane is now ready to undertake the erection of the first turbine which means we are now entering the final phase of construction.
"As soon as transportation of all components to site has been completed, which remains subject to ongoing coordination with the police, we will be able to give a definitive timetable for project completion.”
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