News & Publications - Press Releases

25th June 2008

Further to the announcement made on 13 June 2008 Rurelec PLC (AIM:RUR), announces that it has now completed the acquisition of the 50 per cent. of EnergÌa del Sur ("EdS") which it does not already own and that the placing of 12,500,000 ordinary shares at 65 pence each ('the Placing') is now unconditional. The Placing raises approximately £7.8 million net of expenses. Application has been made for the ordinary shares to be admitted to trading on AIM today.

Read more: Further re: Acquisition

25th June 2008

Notice is hereby given that an Annual General Meeting 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 July 2008 at 11:00 a.m. A number of resolutions will be put to shareholders including the addition of new provisions in the Company's articles of association and the approval of the proposed final dividend of 2.5 pence per share.

Read more: Notice of AGM

13th June 2008

Acquisition of Remaining 50 per cent. of Energia del Sur ("EdS") (the "Acquisition")
Placing for Cash of 12.5 million New Ordinary shares ("Shares") (the "Placing")

Rurelec plc (AIM:RUR), the power plant developer and owner - operator of power generation assets in Latin America, announces today that it has entered into a conditional agreement to acquire the 50 per cent. of EdS which it does not already own and it has also placed 12.5 million Shares at 65 pence each with both existing and new institutional shareholders, conditional on completion of the Acquisition.

Read more: Acquisition of Placing

Read more: Holding(s) in Company

22nd May 2008

Highlights 

* Guaracachi added 79MW of new gas fired capacity in Bolivia - a 25% increase in 12 months
* 160 MW of new combined cycle projects in Argentina and Bolivia under development and financed during the year
* Group turnover in year to 31 December 2007 - £22.6m
* Operating profit - £2.3m, Guaracachi contribution increases to £3.4m
* Net Asset Value per share 47p at 31.12.07
* Dividend of 2.5p per share proposed, an increase of 11 per cent.

Read more: Preliminary Results for the Year End 31 December 2007

Read more: Holding(s) in Company

16th May 2008

Executive Board of United Nations Framework Convention on Climate Change Approves Significant Carbon Credits for Rurelec's Energia del Sur

The Directors of Rurelec PLC ("Rurelec"), the Latin American power generation company, are pleased to announce that the Executive Board of the United Nations Framework Convention on Climate Change ("UNFCCC") has confirmed its approval and registration of 148,019 tonnes per year of C02 reductions in the form of Certified Emission Reductions certificates ("CERs") for the Argentine power company, Energia del Sur ("EdS") in which Rurelec has a 50% equity interest.

Read more: UNFCCC Approves Significant Carbon Credits for Rurelec's Energia del Sur

4th April 2008

Executive President Statement

2007 has been a good year for Guaracachi and I am pleased to report record net income of US$ 9.63 million (Bs 73.8 million) and revenues of US$ 40.89 million (Bs.313.7 million). This compares with restated net income of US$ 8.13 million (Bs. 62.3 million) and revenues of US$ 35.25 million (Bs. 270.4 million) for the same period in 2006. Based on these results, which have been prepared under Bolivian GAAP, the Board of Guaracachi is recommending to its shareholders a dividend of US $7.16 million. The dividend attributable to Rurelec PLC will be approximately US $3.1 million after deduction of Bolivian withholding taxes at the rate of 12.5 per cent.

Read more: Empresa Guaracachi SA Releases Preliminary Results