Press Releases 2005
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Amendment to payment terms for its first equipment acquisition
3rd March 2005
Rurelec today announces that it has successfully renegotiated the payment terms in respect of its acquisition of Energia para Sistemas Aislados SA ("ESA"), owner of two 3 MW reciprocating dual fuel engines, announced on 11th October 2004.
Read more: Amendment to payment terms for its first equipment aquisition
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Placing of 8,750,000 Ordinary Shares at 40 pence per share. Acquisition of 50% interest in Patagonia Energy Limited. Re-admission to trading on AIM
6th July 2005
Rurelec PLC, the British company established to develop rural electrification projects in Latin America has entered into an agreement to purchase for cash a 50 per cent. interest in Patagonia Energy, a company incorporated in the British Virgin Islands, from Basic.
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Result of EGM. Acquisition of 50% interest in Patagonia Energy. GBP3.5m Placing
29th July 2005
The Board of Rurelec PLC, the company established to develop rural electrification projects in Latin America, announces that at the Extraordinary General Meeting of the Company held today, 29 July 2005, the three Ordinary Resolutions and the Special Resolution were approved by shareholders.
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Preliminary results for the year to 30 June 2005
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Placing of 46,938,775 Ordinary Shares at 42 pence per share. USD 35 million Acquisition of a majority stake in Empresa ElÈctrica
Guaracachi, S.A. Re-Admission to trading on AIM
Rurelec today announces that its wholly owned subsidiary Birdsong Overseas Limited has agreed the acquisition of Bolivia Integrated from Southern Integrated for a total consideration of up to USD 35 million. Bolivia Integrated indirectly owns a majority stake of 50.00125 per cent. in Empresa ElÈctrica Guaracachi, S.A. ("Guaracachi" or "EGSA") Bolivia's largest power generation company.
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