Tel: +44(0) 207 793 5610, Fax: +44(0) 207 793 5622, email: info@rurelec.com
Rurelec plc, Registered in England No: 4812855
Registered Office: as above
Rurelec PLC is an expanding independent power producer with operations in
Latin America
Latest Press Releases
Notice of AGM and Posting of Annual Report and Accounts
News & Publications
News & Publications Published: Thursday, 02 July 2009
Notice is hereby given that an Annual General Meeting of the Company will be held at the Company's offices at 5th Floor, Prince Consort House, 27-29 Albert Embankment, London SE1 7TJ on 29 July 2009 at 11 a.m. A number of resolutions will be put shareholders.
Copies of the Company's Annual Report and Accounts for the year ended 31 December 2008 ('Annual Report and Accounts'), Notice of AGM, Proxy Form and Letter to Shareholders regarding the request and supply of documents and information via a website or/an in electronic form have been posted to Shareholders.
Read more: Notice of AGM and Posting of Annual Report and Accounts
Preliminary Results for the year ended 31 December 2008 (Audited)
News & Publications
News & Publications Published: Tuesday, 30 June 2009
Highlights
- Guaracachi - record results in local Bolivian accounting terms and excellent progress on conversion of 96MW "CCGT" capacity
- EdS - 60MW of new capacity now in operation
- Group turnover increased by 29 % to £29.1m (2007: £22.6m)
- Operating loss of £0.2m (2007: profit £2.3m) and loss after tax of £4.2m (2007: loss £0.4m) affected by increased fuel expense in Guaracachi, consolidation of 100% of EdS before new and more efficient capacity has been brought into use, and higher interest charges
- Decision on dividend proposal delayed until 3rd quarter of 2009
Post year end highlights
- Raised £7.3m from issue of new equity
- Sale of 50% of EdS to reduce Group borrowings
- Estimated pro-forma Net Asset Value per share of 29p, based on equity shareholders' funds at 31 December 2008 (£52m) adjusted by 119.6m shares issued after the year-end in respect of capital raising and loan capitalisation conducted at 8p per share.
Jimmy West, Chairman, said: "2008 has seen significant progress despite the difficult economic conditions. The additional capacity which will be brought on-line in 2009 should see a marked improvement in results and the addition of expected income from CERs in 2010 should see the Group begin to generate positive cashflow and increasing dividends for shareholders"
Read more: Preliminary Results for the year ended 31 December 2008 (Audited)
Trading Update: Energia del Sur Generating in Full Combined Cycle
News & Publications
News & Publications Published: Monday, 22 June 2009
The Directors of Rurelec are pleased to announce that the Company's Patagonian power plant, Energia del Sur ("EdS") in Comodoro Rivadavia, has completed its conversion to combined cycle.
Read more: Trading Update: Energia del Sur Generating in Full Combined Cycle
Holding(s) in Company
News & Publications
News & Publications Published: Thursday, 11 June 2009
The Board of Rurelec plc (AIM: RUR.L) has been informed, due to the recent increase in the Company's issued share capital, of the following holdings:
Disposal of Interest in EdS and Issue of Equity
News & Publications
News & Publications Published: Thursday, 04 June 2009
Pursuant to the announcements made on 20 April and 13 May 2009, Rurelec plc (AIM: RUR) announces that the proposed disposal of its 50 per cent. interest in its Argentine subsidiary, Energia del Sur S.A., is complete. The disposal was a condition of the Placing announced on 20 April June 2009.
Director Resignation
News & Publications
News & Publications Published: Friday, 22 May 2009
Rurelec, the AIM listed independent power plant developer with operations in South America, announces the resignation, as a non-executive director, of Frederick Fisher III with immediate effect.