Rurelec PLC Update - Energia del Sur, S.A. (2796Q)
09 September 2017 - 1:18AM
UK Regulatory
TIDMRUR
RNS Number : 2796Q
Rurelec PLC
08 September 2017
Rurelec PLC
("Rurelec" or the "Company")
Update regarding Energia del Sur, S.A.
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, in which Rurelec has a 50 per cent. interest, has
suffered damage to a turbine blade within the steam generator and
the entire plant has been shut down. The management of Energia del
Sur S.A., which owns and operates the power plant is examining
various engineering solutions. The electricity produced by the
steam turbine generates revenue under the Resolution 220 contract,
which is a priority for the Management of EdS.
EdS has business interruption insurance in place and at this
stage the Directors cannot be certain of the effect, if any, that
the power outage will have on Rurelec.
A further announcement will be made as necessary.
For further information please contact:
Rurelec PLC W H Ireland
Simon Morris, Director Paul Shackleton and James Bavister
Andy Coveney, Director
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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