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| Date/Time | Headline | Source |
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| 22-10-09 | RNS |
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RNS Number : 2348B Rurelec PLC 22 October 2009 22nd October 2009 Rurelec PLC ("Rurelec" or "the Company")
Rurelec PLC (AIM:RUR), the developer, owner and operator of power generation capacity in Latin America, is pleased to announce that at a General Meeting of the Company held earlier today, the resolution contained in the Circular posted to shareholders on 30 September 2009 was passed. A copy of the Circular can be found on the Company's website at www.rurelec.com Enquiries:
Managing Director, Rurelec PLC Paul Shackleton/Stewart Dickson Tel: + 44 (0)20 7776 6550 Daniel Stewart & Co plc
Religare Hichens Harrison plc
Richard Swindells/Andrew Craig
Blythe Weigh Communications This information is provided by RNS The company news service from the London Stock Exchange END
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| 01-10-09 | RNS |
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RNS Number : 0632A Rurelec PLC 01 October 2009 Rurelec PLC ("Rurelec" or "the Company")
Notice is hereby given that a General Meeting ("GM") of the Company will be held at the Company's offices at 5th Floor, Prince Consort House, 27-29 Albert Embankment, London SE1 7TJ on 22 October 2009 at 11 am. The business of the GM will be to grant the Directors authority to allot Ordinary Shares and to disapply pre-emption rights in connection with the issue of new Ordinary Shares which require the requisite approval of the Shareholders. A Circular, Notice of GM and Proxy Form have been posted to Shareholders. Additional copies of the Circular, Notice of GM and Proxy Form may be requested directly from the Company. The documents are also available on the Company's website, www.rurelec.com Enquiries:
Managing Director, Rurelec PLC Paul Shackleton/Stewart Dickson Tel: + 44 (0)20 7776 6550 Daniel Stewart & Co plc
Religare Hichens Harrison plc
Ambrian Partners Limited This information is provided by RNS The company news service from the London Stock Exchange END
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| 25-09-09 | RNS |
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RNS Number : 6687Z Rurelec PLC 25 September 2009 Financial Services Authority TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
of existing shares to which voting rights are attached:
2. Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached. An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify):
notification obligation:
5. Date of the transaction and date on which the threshold is crossed or reached:
reached: 8. Notified details:
A: Voting rights attached to shares
if possible using
the ISIN CODE
GBP 0.02
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction
Total (A+B+C)
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
Legal & General Group Plc (Direct and Indirect)
(Group) (28,195,899 - 13.72 % = Total Position)
Legal & General Investment Management (Holdings)
Limited (LGIMH) (Direct and Indirect) (28,195,899 -
13.72 % = Total Position)
Legal & General Investment Management Limited
(Indirect) (LGIM) (28,195,899 - 13.72 % = Total
Position)
Legal & General (Unit Trust Managers) Limited
(15,826,954 - 7.70% = UTM)
Legal & General Group Plc (Direct) (L&G) (12,368,945 - 6.02 % = LGAS, LGPL
(LGPL)
Proxy Voting:
N/A
to hold: N/A
voting rights: N/A
13. Additional information:
020 3124 3851 Note: Annex should only be submitted to the FSA not the issuer Annex: Notification of major interests in share
A: Identity of the persons or legal entity subject to the notification obligation
(at least legal representative for legal persons)
B: Identity of the notifier, if applicable
(e.g. functional relationship with the person or legal entity subject to the notification obligation) C: Additional information This information is provided by RNS The company news service from the London Stock Exchange END
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| 25-09-09 | RNS |
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RNS Number : 6686Z Rurelec PLC 25 September 2009
of existing shares to which voting rights are attached:
2. Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached. An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify):
notification obligation:
(if different from 3.):
5. Date of the transaction and date on which the threshold is crossed or reached:
reached:
8. Notified details:
A: Voting rights attached to shares
if possible using
the ISIN CODE
GBP 0.02
(UTM)
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction
Total (A+B+C)
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
Legal & General Group Plc (Direct and Indirect)
(Group) (27,195,899 - 13.23% = Total Position)
Legal & General Investment Management (Holdings)
Limited (LGIMH) (Direct and Indirect) (27,195,899 -
13.23% = Total Position)
Legal & General Investment Management Limited
(Indirect) (LGIM) (27,195,899 - 13.23% = Total
Position)
Legal & General (Unit Trust Managers) Limited
(15,026,954 - 7.31% = UTM)
Legal & General Group Plc (Direct) (L&G) (12,168,945 - 5.92 % = LGAS, LGPL
(LGPL)
Proxy Voting:
N/A
to hold: N/A
voting rights: N/A
13. Additional information:
020 3124 3851 This information is provided by RNS The company news service from the London Stock Exchange END
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| 25-09-09 | RNS |
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RNS Number : 6422Z Rurelec PLC 25 September 2009 25 September 2009 Rurelec PLC ("Rurelec" or "the Company") Appointment of Broker Rurelec PLC (AIM:RUR), the developer, owner and operator of power generation capacity in Latin America, announces that Ambrian Partners Limited ("Ambrian") has been appointed as Joint broker to the Company with immediate effect. Ambrian recently placed a successful £2.5 million convertible loan note issue on behalf of Rurelec. Ambrian also initiated research coverage of Rurelec in August 2009. Enquiries:
Peter Earl, Managing Director, Rurelec PLC Tel: + 44 (0) 20 7793 5610
Ambrian Partners Limited
Blythe Weigh Communications
This information is provided by RNS The company news service from the London Stock Exchange END
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| 10-09-09 | RNS |
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RNS Number : 8852Y Rurelec PLC 10 September 2009
10 September 2009 Rurelec PLC ("Rurelec" or "the Company") Directors interests Rurelec PLC (AIM:RUR), the developer, owner and operator of power generation capacity in Latin America, announces that Independent Power Corporation PLC ("IPC"), a company controlled by Peter Earl, Chief Executive Officer of Rurelec, has today sold 5,588,235 million Ordinary Shares at a price of 17 pence per share to institutional investors. In addition, IPC has sold a further 280,000 Rurelec shares to members of the Rurelec management team and others, including Elizabeth Shaw, Finance Director of Rurelec, who has acquired 25,000 on behalf of a minor at 17 pence per share and is now interested in 275,000 shares, representing 0.13 per cent. of the Company. As a result of the sale, IPC's share holding in Rurelec now stands at 19,131,765 Ordinary Shares representing 9.31 per cent. of the issued ordinary share capital of the Company. Peter Earl's interests, which include the holdings of IPC and of his wife, now stand at 30,944,486, representing 15.06 per cent. of the Company. IPC's sale follows its subscription of £700,000 unsecured 12 per cent. convertible loan notes due in March 2011 announced by Rurelec earlier today.
Enquiries:
Ana Ribeiro, Account Director, Blythe Weigh Communications Tel: 44 (0) 20 7138 3206 This information is provided by RNS The company news service from the London Stock Exchange END
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| 10-09-09 | AFX UK Focus |
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LONDON, Sept 10 (Reuters) - Rurelec Plc:
((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 10-09-09 | RNS |
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RNS Number : 8560Y Rurelec PLC 10 September 2009 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS IN THAT JURISDICTION 10 September 2009 Rurelec PLC ("Rurelec" or "the Company") Rurelec Issues STG £2.5 million Convertible Loan Notes Rurelec PLC (AIM:RUR), the developer, owner and operator of power generation capacity in Latin America, announces that it has today placed STG £2.5 million of unsecured 12 per cent. convertible loan notes due in March 2011 ("Convertible Loan Notes") to support the refinancing of its Argentine power generation business, Energia del Sur ("EdS") and for general working capital purposes. EdS is currently in the process of obtaining a debt rating for its first ever Argentine peso denominated bond issue. Argentine pension funds have agreed to support an EdS bond placing in Argentine pesos subject to EdS obtaining a suitable debt rating from one of the internationally recognised rating agencies. Rurelec's funding of EdS is intended further to strengthen the balance sheet of EdS in anticipation of the grant of a satisfactory debt rating. Under the terms of the Convertible Loan Notes being issued today, certain existing shareholders in Rurelec have agreed to acquire the Convertible Loan Notes. They carry a coupon of 12 per cent. and they are convertible at an effective conversion price of 25 pence per ordinary share of 2 pence each in the share capital of Rurelec ("Ordinary Share"). Conversion of all the Convertible Loan Notes would result in the issue of 10 million new Ordinary Shares, which is within Rurelec's existing authority to allot new Ordinary Shares. The Convertible Loan Notes will not trade on any exchange but will be transferable. Subscribers of the Convertible Loan Notes are being granted a total of 10 million transferable warrants to subscribe for new Ordinary Shares on the basis for one new Ordinary Share for each warrant in each case at the same effective conversion price of 25 pence per Ordinary Share ("Warrants"). The exercise of the Warrants is conditional upon the Company having at all times sufficient available authorised but un-issued Ordinary Share capital, free from pre-emptive rights, to permit such exercise. The Company will convene a General Meeting of shareholders at which a resolution to increase the authority to allot shares for this purpose will be proposed. Expiry of the Warrants will be coterminous with the Convertible Loan Notes at March 2011. Independent Power Corporation PLC, a company controlled by Rurelec's Managing Director, Peter Earl, has agreed to subscribe £700,000 of the Convertible Loan Notes with 2,800,000 Warrants. Ambrian Partners Limited acted as placing agent and financial adviser to the Company in relation to the Convertible Loan Note issue. Speaking today Rurelec Managing Director Peter Earl said: "It is of great importance to Rurelec that we complete the refinancing of Energia del Sur. The convertible loan notes placed today will help us to arrange the debt rating in Argentina which we need to complete our local bond issue. We have been successful in arranging local bond issues in Bolivia to finance our expansion in that country. Now we intend to adopt the same strategy in Argentina, taking advantage of the strong local pension fund market for debt rated corporate bonds. We believe that this issue gives the least dilution for the maximum benefit to the Group. We maintain our policy of minimal dilution combined with continuing focus on dividends to Rurelec shareholders."
Enquiries:
This announcement does not constitute, or form any part of, an offer or an invitation to purchase any securities. This announcement does not constitute an offer of, or the solicitation of any offer to buy, any Ordinary Shares to any person in any jurisdiction to whom or in which such offer or solicitation is unlawful. The distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of such jurisdiction. Ambrian Partners Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for the Company as Placing Agent and Financial Adviser and for no one else in relation to the matters described in this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to customers of Ambrian Partners Limited or for providing advice in relation to the subject matter or contents of this announcement. This information is provided by RNS The company news service from the London Stock Exchange END
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| 10-09-09 | RNS |
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RNS Number : 8329Y Rurelec PLC 10 September 2009
Rurelec PLC Interim results for the 6 months ended 30th June 2009 Rurelec PLC ("Rurelec" or "the Company"; AIM: RUR), the electric utility focused on the development of power generation capacity and rural electrification projects in Latin America, announces its unaudited interim results for the six months ended 30 June 2008. Financial Highlights:
Operational Highlights:
Commenting on these results, Peter Earl, Rurelec's Chief Executive, said: "Due to upheavals in the global economy, the Company has been concentrating on consolidating its cash position. With 60 MW of new capacity having entered commercial operations in Argentina during the first half and a further 100 MW of new capacity due to come online in Bolivia early 2010, we are looking forward to the enhanced revenue earning potential of the Group in the coming months." For further information please contact:
+44 (0)20 7793 5610 +44(0) 20 7776 6550 +44 (0) 20 7138 3204
I am pleased to report the results of Rurelec PLC ("Rurelec" or the "Company") for the half year to 30th June, 2009. Although the loss for the period reported is disappointing, since the end of June there have been a number of encouraging factors for the company and others which are planned. These are described in some detail below. Rurelec recorded a loss after tax for the period of £3.4 million (2008: £0.84m profit) on revenues of £18.5 million (2008: £11.95 million). Operating loss for the period was £0.7 million compared to an operating profit of £1.3 million for the same period in 2008. The principal reasons for the deterioration in operating margins are the increase in gas costs in Bolivia and the delay in bringing the combined cycle expansion project into commercial operations in Argentina. The increased interest expense and the foreign exchange losses, both of which are largely attributable to the now unwound acquisition of the balance of shares in Argentina were offset by a gain on its sale. Revenue has increased by 50%, but when compared with the previous year on a like-for-like accounting basis, i.e., recognising only 50 per cent. of revenues from EdS, the year on year increase falls to 36%. Such a dismal opening to the year does not reflect the strength of the power generation business of Rurelec power plants in Argentina and Bolivia. The underlying business of producing electricity in Latin America is at an all time high and the outlook for the future is stronger still. Empresa Guaracachi S.A. ("Guaracachi"), our Bolivian subsidiary has beaten previous half-year generation records. The Board of Rurelec therefore regards the current set of results as a watershed as the world banking crisis begins to abate and focus returns to the performance of primary industries in the real world. The factors that contributed to the first half loss are now largely reversed: Bolivian operations have seen an increase in the capacity price from April this year; the plant in Argentina achieved commercial operations in May and the disposal of the 50 per cent. interest in Energia del Sur ("EdS") has removed the interest cost associated with its acquisition. The share issues in April and June allowed us to move towards resolving the funding challenges the Company faced, like many others, in the latter part of 2008 and in early 2009 as the global economy battled the credit crisis. The funds were used to provide a portion of the funds required to refinance the plant in Argentina, funds that would normally be obtainable from the banking system. As indicated in the documentation sent to shareholders, this did not complete the funding programme. While Rurelec experienced funding problems for its 60 MW of additional combined cycle capacity in Argentina, its 96 MW combined cycle expansion project in Bolivia was successfully financed from project loans and bond issues placed exclusively with local and regional banks and bondholders. In the last week Guaracachi has announced that it has closed out the last of its bond placings at US $24 million instead of the US $20.2 million previously announced. Guaracachi has been able to successfully tap funding sources based on its position as Bolivia's largest and most reliable power company. Rurelec now intends to adopt the same regional funding strategy in Argentina which it has successfully pursued in Bolivia. EdS is currently working on its first ever debt rating for an Argentine peso based bond issue to be placed in Buenos Aires with Argentine pension funds. This landmark step is expected to set a benchmark for the full refinancing of EdS based on a commercially operating plant benefitting from enhanced operating margins and CER revenues, the latter being generated during the last quarter. From 2010 onwards, when the new Guaracachi CCGT plant comes fully on line, Rurelec power plants will be producing nearly half a million CERs a year. Today, Rurelec has controlling stakes in 590 MW of nominal generation capacity with net ownership of 298 MW. Capacity increases recently announced in San Matias and the combined cycle development in Santa Cruz will increase capacity by a further 101 MW (nominal), and 51 MW (net). As we release the first half's figures, there are two important developments taking place in Bolivia to which shareholders' attention should be drawn. The first is the expansion announced in the last few days whereby Guaracachi will install its first isolated generation capacity in San Matias, working at the request of the Government of Bolivia and as the partner of the Government. Guaracachi has been authorized to take administrative control of the San Matias electricity distribution network and to expand power supplies both to the surrounding region in Bolivia and to the immediate border area in Brazil. An initial project to add 1.4 MW new capacity in San Matias announced on 24th August was formally inaugurated on 3rd September. A further addition of a second Deutz gas engine as well as new 60 Hz generation capacity based in Bolivia but serving Brazil has also been agreed an announced. This will increase the overall project to around 5 MW and will be a flagship example of a new public-private partnership with the Government of Bolivia. It will also be Guaracachi's first export of electricity to a neighbouring country. The second development is the planned change-over to a new way of working with the Government of Bolivia. Rurelec is in discussions that could lead to a new form of public- private partnership being established with the Government of Bolivia on a national basis for which the San Matias project is a working study. Guaracachi is currently at the limit permitted by Bolivian law for control of generation capacity on the grid and yet Rurelec is the only power company operating in Bolivia which has consistently added to generation capacity each year and which has a proven and respected power development team in situ. Our shareholders will receive further information regarding these possible developments as it becomes available. Having survived a torrid first half which will inevitably still be evident in the full year results, I am looking forward to and improved second half performance from the underlying businesses. I expect to be in a position to make an announcement regarding dividends in the coming months. Jimmy West Chairman
RURELEC PLC CONDENSED CONSOLIDATED INCOME STATEMENT (unaudited) for the half year ended 30 June 2009 (expressed in thousands of pounds)
30/06/09 30/06/08 31/12/08
Attributable to:
RURELEC PLC CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (unaudited) for the half year ended 30 June 2009 (expressed in thousands of pounds)
30/06/09 30/06/08 31/12/08
attributable to equity interests for the period Other comprehensive income:
of foreign operations
Period attributable to equity interests
RURELEC PLC CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION (unaudited) at 30 June 2009 (expressed in thousands of pounds)
30/6/09 30/6/08 31/12/08
Assets
Non-current assets
Current assets
Equity and liabilities
Shareholders' equity
Shareholders of Rurelec PLC
Non-current liabilities
Current liabilities
RURELEC PLC CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (unaudited) for the half year ended 30 June 2009 (expressed in thousands of pounds)
Revaluation
and expense for the period
Minority dividend exchange
and expense for the period
revaluation
and expense for the period
RURELEC PLC CONDENSED CONSOLIDATED CASH FLOW STATEMENT (unaudited) for the half year ended 30 June 2009 (expressed in thousands of pounds)
30/06/09 30/06/08 31/12/08
Adjustments for:
operations
operations
Cash flows from investing activities
financing activities
Cash flows from financing activities
financing activities
and cash equivalents
start of period
end of period
RURELEC PLC Notes to the Interim Statement for the six months ended 30 June 2009 1. Basis of preparation The interim financial statements do not constitute statutory accounts within the meaning of Section 435 of the Companies Act 2006. The comparative figures for the year ended 31 December 2008 were derived from the statutory accounts for that year which have been delivered to the Registrar of Companies. Those accounts received an unqualified audit report which did not contain statements under section 237(2) or (3) of the Companies Act 1985. The financial information contained in this interim statement has been prepared in accordance with all relevant International Reporting Standards ('IFRS') in force and expected to apply to the Group's results for the year ending 31 December 2009 and on interpretations of those Standards released to date. 2. Accounting policies These condensed consolidated interim financial statements have been prepared in accordance with the accounting policies set out in the Group's financial statements for the year ended 31 December 2008 except for the adoption of IAS 1 Presentation of Financial Statements (Revised 2007). 3. Other income Other income in the six months to 30 June 2009 comprises the profit arising on the sale of 50% of Patagonia Energy Ltd, following which the Group now owns 50% of Energia del Sur, a company incorporated in Argentina.
30/06/09 30/06/08 31/12/08
Basic and diluted
in issue during the period
5. The Board of Directors approved this interim statement on 8 September 2009. This interim statement has not been audited. 6. Copies of this statement are being sent to all shareholders. Copies may be obtained from the company's registered office, 5th Floor, Prince Consort House, Albert Embankment, London SE1 7TJ. This information is provided by RNS The company news service from the London Stock Exchange END
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| 04-09-09 | RNS |
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RNS Number : 5488Y Rurelec PLC 04 September 2009 Rurelec plc ("Rurelec" or "the Company") Rurelec's Guaracachi to Export Electricity from Bolivia to Brazil Rurelec PLC (AIM:RUR), the developer, owner and operator of power generation capacity in Latin America, announces that, its 50.001 per cent owned subsidiary, Empresa Guaracachi SA, has now agreed to take administrative control of the San Matias electricity distribution network and to expand power supplies both to the surrounding region in Bolivia and to the immediate border area in Brazil. The project to add 1.4 MW new capacity in San Matias announced on 24 August was formally inaugurated yesterday. Commenting after the inauguration, Energy Minister Oscar Coca reiterated the importance of improving the reliability of the power supply in the immediate area of San Matias, which is adjacent to Brazil's Mato Groso and is the principal border post between Bolivia and Brazil. Improving power delivery in the area has been a key aim of the Bolivian Government. Guaracachi has already acquired a Deutz gas engine for immediate delivery and this first phase of capacity additions in San Matias is expected to commence operations early in the fourth quarter of 2009. Following intense discussions with the Brazilian authorities and the Superintendency of Electricity in Bolivia, Guaracachi has now also agreed to take administrative control of the San Matias electricity distribution network and to expand power supplies both to the surrounding region in Bolivia and to the immediate border area in Brazil. This will involve the addition of a second Deutz gas engine as well as new 60 Hz generation capacity based in Bolivia but serving Brazil. A Bolivian banking proposal to fund this enlarged project is due to be approved at a Board meeting of Guaracachi in the coming days. This will increase the overall project to around 5 MW and will be a flagship example of a new public-private partnership with the Government of Bolivia. It will also be Guaracachi's first export of electricity to a neighbouring country. In a separate development, Guaracachi has now placed with Bolivian institutions the remaining bonds from its AA+ debt-rated twelve year unsecured US dollar bond issue of earlier in the year, taking the total value of bonds placed in 2009 from US $20.2 million to US $24 million. This additional placing, together with a further project loan of US $2.3 million agreed last week with Banco Union, a Bolivian bank, brings the current funding programme for the Santa Cruz combined cycle project to a successful close. Commenting on the San Matias agreement, Peter Earl, Managing Director of Rurelec, said: "We are delighted to have entered into this agreement with the Bolivian Government. The San Matias plant will improve reliability of power supply in the area, which will in turn facilitate the recent initiatives of the presidents of Bolivia and Brazil to upgrade transport links between the two countries. This is an important step for bi-lateral relations between Bolivia and Brazil and as Rurelec and Guaracachi we are pleased to be playing our part in cross border co-operation." Enquiries:
This information is provided by RNS The company news service from the London Stock Exchange END
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| 24-08-09 | RNS |
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RNS Number : 9076X Rurelec PLC 24 August 2009 Rurelec plc ("Rurelec") Empresa Guaracachi SA Update Rurelec Plc announces that Empresa Guaracachi SA ("Guaracachi"), its 50.001 per cent owned Bolivian subsidiary, has agreed terms with the Government of Bolivia for installing a 1.4 MW gas fired power plant at San Matias. San Matias is located in the Department of Santa Cruz, Bolivia, adjacent to Brazil's Mato Groso and is not linked to Bolivia's national grid. It serves as one of the main transit points for road transport between Bolivia and Brazil and improvement of the reliability of the power supply in the immediate area has been a key aim of the Bolivian Government. Guaracachi has acquired a Deutz gas engine for immediate delivery. This will be Guaracachi's first installation of a gas engine for isolated generation and the Government of Bolivia has agreed terms for a premium capacity payment for the project. The Deutz unit is expected to commence operations early in the fourth quarter of 2009. All the relevant licenses and approvals have been gained and construction will commence immediately. Rurelec is exploring other expansion possibilities in Bolivia by way of public - private partnership initiatives with the Government of Bolivia. Enquiries:
Peter Earl, Managing Director, Rurelec plc Tel: + 44 (0) 20 7793 5610
This information is provided by RNS The company news service from the London Stock Exchange END
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