Rurelec PLC Re: Sale of Canchayllo Hydroelectric Plant (0869J)

TIDMRUR

RNS Number : 0869J

Rurelec PLC

01 April 2015

1 April 2015

Rurelec PLC

("Rurelec" or "the Company")

Further re: Sale of Canchayllo Hydroelectric Plant

Further to the announcement of 2 March 2015, the Company has yet to receive the US $6.6 million net proceeds of the contracted sale of a controlling equity stake in Rurelec's Canchayllo hydroelectric plant in Peru.

The funds are due, and are expected shortly, but have been subject to administrative delays in the release of funds. Accordingly, the Radix loan of GBP550,000 has yet to be repaid and the Directors are grateful to Radix for their patience in the matter. A further announcement will be made in due course.

-Ends -

For further information please contact:

 
Rurelec PLC         W H Ireland                         CNC Communications 
Peter Earl, CEO     Paul Shackleton and James Bavister  Ana Ribeiro, Ian Brown 
Tel: 020 7793 5600  Tel: 020 7220 1666                  Tel: 020 3219 8818/ 
                                                         020 3219 8817

Or visit our website: www.rurelec.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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