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Rurelec plc, Registered in England No: 4812855
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News & Publications
Trading Update re Empresa Guaracachi SA ("Guaracachi")
News & Publications - Press Releases
Published: Monday, 29 March 2010
29 March 2010
The following is a translation of the Executive President's report from the Accounts for the year to 31 December 2009 for Guaracachi, which was released to the Stock Exchange in La Paz on Monday 29 March 2010:
The last year has been a time of significant challenge for Empresa Guaracachi. As Bolivia's largest power generator, the Company has been a leader and an innovator in many ways in the past but none so much as it has been in 2009. The results for the year to 31st December which we are pleased to announce come against a background of a worldwide banking collapse with European and North American lending institutions pulling out of all forms of project lending just at the time when Guaracachi was constructing the single largest thermal power project ever undertaken in Bolivia.
In 2009 Guaracachi completed its financing of the Santa Cruz combined cycle gas turbine (CCGT) project, an increase of some 96 MW of nominal capacity which will give Guaracachi an impressive 238 MW of nominally rated CCGT capacity when the new plant enters into commercial service in May 2010. Mechanical completion has now already occurred removing the principal project risk. Guaracachi is proud to announce that it has finished the installation of the steam turbine and generator in the new turbine hall and is now commissioning electrical systems and controls.
Read more: Trading Update re Empresa Guaracachi SA ("Guaracachi")
Holding(s) in Company
News & Publications - Press Releases
Published: Monday, 25 January 2010
Holding(s) in Company
News & Publications - Press Releases
Published: Tuesday, 12 January 2010
Rurelec's Guaracachi Leads Consortium To
News & Publications - Press Releases
Published: Wednesday, 23 December 2009
23rd December 2009
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 at the suggestion of the Government of Bolivia applied to the Electricity Control Authority (the AE) to install a new gas fired power plant with a nominal capacity of 128 MW on a site at Huaricana in the Department of La Paz which was acquired two years ago by Guaracachi for such a project.
Read more: Rurelec's Guaracachi Leads Consortium To
Energia Del Sur sells first Certificates of Emission Reduction (CERs)
News & Publications - Press Releases
Published: Friday, 18 December 2009
18th December 2009
Rurelec PLC (AIM: RUR), the power plant developer and owner-operator of power generation assets in Latin America, announces the first sale of CERs by its 50% owned subsidiary Energia Del Sur (EdS").
Read more: Energia Del Sur sells first Certificates of Emission Reduction (CERs)
Result of General Meeting
News & Publications - Press Releases
Published: Thursday, 22 October 2009
22nd October 2009
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.
Read more: Result of General Meeting
Notice of General Meeting
News & Publications - Press Releases
Published: Thursday, 01 October 2009
01st October 2009
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.
Read more: Notice of General Meeting
Director's interests
News & Publications - Press Releases
Published: Thursday, 10 September 2009
10th September 2009
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.
Read more: Director's interests
Rurelec Issues STG £2.5 million Convertible Loan Notes
News & Publications - Press Releases
Published: Thursday, 10 September 2009
10th September 2009
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, S.A. ("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.
Read more: Rurelec Issues STG £2.5 million Convertible Loan Notes
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