News & Publications
Press Releases
Rurelec Gets EIA Approval for its Central Illapa Power Plant in Chile
8 May 2013
Rurelec PLC (AIM: RUR), the electricity utility focused on power generation capacity in Latin America, announces that it has been granted full environmental consent for its Central Illapa Power Plant in Chile, taking it a step closer to the development of the 255 MW open cycle greenfield gas ("OCGT") fired power plant.
Read more: Rurelec Gets EIA Approval for its Central Illapa Power Plant in Chile
Parties' Post-Hearing Briefs and Statement of Costs
22 April 2013
Rurelec PLC, (AIM:RUR) the electricity utility which owns and operates power generation capacity in Latin America, announces that following the final hearing in the arbitration against the Plurinational State of Bolivia ("Bolivia") which ended on the 9th April 2013, post hearing briefs (of a maximum of 60 pages in length and in accordance with the arbitral tribunal's instructions) and statements of costs will be submitted by the parties to the arbitral tribunal by 24th May 2013.
Read more: Parties' Post-Hearing Briefs and Statement of Costs
Audio Recordings of the Final Hearing on the Claim Against Bolivia
18 April 2013
The Directors of Rurelec PLC, (AIM:RUR) the electricity utility which owns and operates power generation capacity in Latin America, informs investors that the audio recordings of the final arbitration hearing in relation to the claim brought by Rurelec and its wholly owned subsidiary Guaracachi America Inc against the Plurinational State of Bolivia ("Bolivia") are now available on the PCA website: : http://www.pca-cpa.org/showpage.asp?pag_id=1436 and the Rurelec website: www.rurelec.com
Read more: Audio Recordings of the Final Hearing on the Claim Against Bolivia
Transcripts of the Final Hearing Against Bolivia
15 April 2013
The Directors of Rurelec PLC, (AIM:RUR) the electricity utility which owns and operates power generation capacity in Latin America, informs investors that the final arbitration hearing in relation to the claim brought by Rurelec and its wholly owned subsidiary Guaracachi America Inc against the Plurinational State of Bolivia ("Bolivia") came to a close on 9 April 2013. The audio recordings and the written transcripts of the hearing will be made public once posted on the Permanent Court of Arbitration's (PCA) website: www.pca-cpa.org. At that time, they will also go on to Rurelec's website: www.rurelec.com .
Commencement Of Final Hearing Against Bolivia
2nd April 2013
Rurelec PLC, (AIM:RUR) the electricity utility which owns and operates power generation capacity in Latin America, announces the commencement today of the final hearing of its ongoing arbitration against the Plurinational State of Bolivia ("Bolivia") commenced on 24 November 2010 pursuant to the UK-Bolivia investment treaty.
The arbitration will determine the value of compensation due to Rurelec for the expropriation of its controlling share stake in Empresa Guaracachi SA ("Guaracachi") and other associated assets. The Arbitration is administered by the Permanent Court of Arbitration (PCA) under the arbitration rules of the United Nations Committee on International Trade Law (UNCITRAL). The value of the claim for the expropriation of its controlling share stake in Guaracachi and other associated assets has been assessed by its independent valuation experts at US $142.3 million.
The parties agreed to transparency relating to documents filed in the arbitration process and hearings, the audio record of which will be published. Details of the claim together with transcripts of the final arbitration hearing will be posted on the PCA and Rurelec websites: www.rurelec.com and www.pca-cpa.org . Shareholders in Rurelec will be able to access the transcripts as they are posted each day of the hearing.
Notification Major Interest
20 February 2013
Rurelec PLC (AIM: RUR), the electricity utility focused on power generation in Latin America, was notified on 20 February 2013 that on 14 February 2013, YF Finance Limited acquired 74,540,954 shares in the Company and now has a direct interest in 96,565,166 Ordinary Shares representing approximately 22.96 % per cent of the Company’s issued ordinary share capital.
Director's Shareholding
15 February 2013
Rurelec PLC (AIM: RUR), the electricity utility focused on power generation in Latin America, was notified on 15 February 2013 that Peter Earl, Chief Executive Officer of the Company has sold 100,000 shares at a price of 10 pence per share. Following this transaction, Mr Earl has an interest in 650,000 Ordinary Shares representing approximately 0.154 per cent of the Company’s issued ordinary share capital.
Notification Major Interest
15 February 2013
Rurelec PLC (AIM: RUR), the electricity utility focused on power generation in Latin America, was notified on 15 February 2013 that YF Finance Limited has reached the 5% threshold and now has an direct interest in 22,045,212 Ordinary Shares representing approximately 5.24 % of the Company’s issued ordinary share capital.
Notice: You are now leaving our website.
Rurelec accepts no responsibility for the content of the website you are now accessing or for any reliance placed by you or any person on the information contained on it.
You will be redirected in five seconds.