News & Publications - Press Releases

Read more: Holding(s) in Company

22nd November 2007

Rurelec plc (AIM:RUR) announces today that its Bolivian subsidiary, Empresa Guaracachi SA ('Guaracachi') has finalised its 96 MW combined cycle gas turbine ('CCGT') expansion project in Santa Cruz de la Sierra.

Guaracachi's CCGT project is the largest single power unit ever to be constructed in Bolivia. At 96 MW of electric output, it will represent more than 10 per cent. of the country's peak demand when completed in early 2009 and it will help alleviate power shortages which have been forecast during the next eighteen months.

Guaracachi has signed contracts to acquire a steam turbine from Steag of Germany which is now being reconditioned by Sulzer Hickham before delivery to Bolivia. At the same time the Board of Guaracachi has approved the selection of IST of Canada as preferred supplier for two heat recovery steam generators ('HRSGs') which comprise the heart of the conversion project. Contract signature is expected by the end of November.

Read more: Empresa Guaracachi Finalises Combined Cycle Expansion Project

Read more: Holding(s) in Company

Read more: Holding(s) in Company

Read more: Holding(s) in Company

Rurelec PLC ("Rurelec" or "the Company"), the owner and developer of power plants in Latin America, announces that its Managing Director, Peter Earl, has today sold 9,302,721 Ordinary shares in the Company to Independent Power Corporation PLC ("IPC") at a price of 55 pence per share. This shareholding represents 12.69 per cent. of the issued share capital of Rurelec.

Director's Shareholding (1)

Read more: Director's Shareholdings (1)

Rurelec PLC ("Rurelec" or "the Company"), the owner and developer of power plants in Latin America, announces that Elizabeth Shaw and Mike Eyre, Directors of the Company, have each disposed of 250,000 ordinary shares in the Company to Independent Power Corporation PLC ("IPC") at a price of 55 pence per share. The directors in question continue to hold 250,000 shares each. Each holding represents 0.34 per cent. of the issued share capital of Rurelec.

Director's Shareholding (2)

Read more: Director's Shareholdings (2)

The Board of Directors announces the repayment of the remaining LIBOR+5 per cent. loan notes 2011 issued in connection with the Group's acquisition of Empresa Guaracachi S.A. ("Guaracachi") in January 2006.

Repayment of loan notes

Read more: Repayment of Loan Notes