Rurelec PLC Update Regarding Energia del Sur, S.A. ("EdS") (3397G)
26 May 2017 - 5:34PM
UK Regulatory
TIDMRUR
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 Paul Shackleton and
Andy Coveney, Director James Bavister
Tel: 020 7025 8026/8 Tel: 020 7220 1666
This information is provided by RNS
The company news service from the London Stock Exchange
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