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Description of business:
Rame is an international energy consultant, engineer and power project developer operating in a number of energy sectors including wind, diesel and solar. The Group's main countries of operation are the United Kingdom and Chile. Rame now intends to operate its own power projects with a focus on providing energy directly to large industrial consumers. From its head office in Plymouth, members of the Group have provided project management and EPC (Engineering, Procurement and Construction) services to the energy related market since early 2005. Since establishing an office in Chile's capital Santiago in 2006 under the trading name of Seawind, the Group has been involved in wind power development in the country. It has developed and implemented power solutions for many of Chile's mining and industrial corporations, including, among others, Barrick Gold, Anglo American, Antofagasta Minerals and Codelco. Rame is now building on its experience and expertise in the energy sector to own and operate power generation projects, with its initial focus being in Chile. Rame plans to become a niche IPP (Independent Power Producer) taking full advantage of opportunities created by increasing energy costs and demands in power intensive industrial activities such as mining. To facilitate this strategy, Rame has entered into binding conditional agreements with Santander Investment Chile Limitada for the co-financing of 15 MW of wind farms across two project sites in Chile. The Group has a further 28 prospective onshore wind energy project sites with a potential installed capacity in aggregate of 1.4 GW.

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Rame Energy Plc

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