News & Publications - Press Releases

Read more: Holding(s) in Company

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

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)

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

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 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

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 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