Rurelec PLC Update regarding Energia de Sur (1000U)
19 October 2017 - 10:27PM
UK Regulatory
TIDMRUR
RNS Number : 1000U
Rurelec PLC
19 October 2017
Rurelec PLC
("Rurelec" or the "Company")
Update regarding Energia del Sur, S.A.
Further to the announcement of 18 September 2017 The Directors
of Rurelec (AIM:RUR), have been informed that the management of
Energia del Sur S.A. ("EDS"), which owns and operates the 136 MW
Southern Patagonian CCGT power plant in Argentina has completed the
temporary modification of the steam turbine to remove certain rows
of turbine blades ahead of repairs during planned maintenance in
2018.
The Steam turbine will run at approximately 21 MW and generation
has restarted giving the power station a maximum nominal output of
97MW. Owing to a resulting reduction of revenue arising from the
more profitable Resolution 220 contract for the electricity
generated by the steam turbine, EDS anticipates a material loss of
income, which in turn is likely to lead to minimal payments to
Rurelec until the plant is restored to full generating
capacity.
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
The information contained within this announcement is deemed by
the Company to constitute inside information under the Market Abuse
Regulation (EU) No. 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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