RNS Number : 3397G
Rurelec PLC
26 May 2017
 

 

 

Rurelec PLC

("Rurelec" or the "Company")

Update regarding Energia del Sur, S.A. ("EdS") 

Further to the announcement of 27 April 2017, the Directors of Rurelec (AIM:RUR), the owner, operator and developer of power generation capacity in South America, have been informed that the 136 MW CCGT power plant in Southern Patagonia, Argentina, has been repaired, and successfully tested. Normal generating operations have resumed. As a result of the period during which the plant was not generating, EdS has experienced a reduction of revenue and cash reserves, resulting in missed and delayed expected loan repayments to Rurelec, however payments have now resumed.

For further information please contact:

 

Rurelec PLC

W H Ireland

Simon Morris, Director

Andy Coveney, Director

Paul Shackleton and James Bavister

Tel: 020 7025 8026/8

Tel: 020 7220 1666

 


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