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News & Publications
Interim results for the 6 months ended 30th June 2009
News & Publications - Press Releases
Published: Thursday, 10 September 2009
10th September 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:
- Revenues increased by 50% to £18.5m (2008: £11.9m), an increase of 36% on like-for-like accounting basis.
- First half operating loss of £0.7m (2008: £1.3m profit).
- Placings of 119.6m new ordinary shares in aggregate completed in the first half year.
- Debt reduction at PLC level associated with disposal of 50% interest in Argentine subsidiary.
- Bolivian bond financing closed at $24m.
Operational Highlights:
- Record levels of generation in Bolivia and new, increased capacity prices effective from April.
- Argentine expansion project completed, with 60 MW of new capacity on line from May.
- New capacity and export initiative to Brazil underlines co-operation with Government of Bolivia.
Read more: Interim results for the 6 months ended 30th June 2009
Rurelec's Guaracachi to Export Electricity from Bolivia to Brazil
News & Publications - Press Releases
Published: Friday, 04 September 2009
4th September 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, S.A., 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.
Read more: Rurelec's Guaracachi to Export Electricity from Bolivia to Brazil
Empresa Guaracachi SA Update
News & Publications - Press Releases
Published: Friday, 04 September 2009
4th September 2009
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.
Read more: Empresa Guaracachi SA Update
Empresa Guaracachi, S.A. Update
News & Publications - Press Releases
Published: Monday, 24 August 2009
24th August 2009
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.
Read more: Empresa Guaracachi, S.A. Update
Holding(s) in Company
News & Publications - Press Releases
Published: Tuesday, 11 August 2009
Holding(s) in Company
News & Publications - Press Releases
Published: Monday, 03 August 2009
Result of AGM
News & Publications - Press Releases
Published: Wednesday, 29 July 2009
29th July 2009
The Board of Rurelec plc ("Rurelec" or the "Company") is pleased to announce that all resolutions at the Company's Annual General Meeting held earlier today at 5th Floor, Prince Consort House, 27-29 Albert Embankment, London SE1 7TJ were duly passed.
Read more: Result of AGM
Board Appointment
News & Publications - Press Releases
Published: Wednesday, 08 July 2009
8th July 2009
The Directors of Rurelec PLC (AIM: RUR), developers, owners and operators of power generation facilities in Latin America, are pleased to announce the appointment of Mr Andrew James Sinclair Morris as a Non Executive Director to the Board of the Company with immediate effect.
Read more: Board Appointment
Holding(s) in Company
News & Publications - Press Releases
Published: Thursday, 02 July 2009
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