BANGALORE, Feb 7 (Reuters) - Canada's Ram Power Corp
RPG.TO said its San Jacinto-Tizate project in Nicaragua
encountered construction delays, and was also facing higher
material and labor costs, sending shares of the company down to
a nearly 21-month low.

The project has about $15-$20 million of additional
construction costs, the renewable energy company said in a
statement.

Steven Scott, director of investor relations, said the
company is moving to a new contractor as labour and procurement
issues had delayed the project.

"We just have not had the luck that we thought we would
have with our current contractor," Scott told Reuters.
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