Rurelec PLC Update regarding Energia del Sur S.A. (3570C)
April 12 2017 - 9:06AM
UK Regulatory
TIDMRUR
RNS Number : 3570C
Rurelec PLC
12 April 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 on 31 March 2017 the 136 MW CCGT power plant in
Southern Patagonia, Argentina, in which Rurelec has a 50 per cent.
interest, suffered damage during severe bad weather. Following the
storm, problems with the transmission lines led to a fire in a
power switch between transformers. Work is ongoing to repair the
damage and ensure the power plant is safe to return to normal
operation.
Initial reports suggested that the repair should be concluded in
approximately 30 days. However, the Directors have now been
informed that the availability of certain replacement parts is such
that the power plant may not be able to resume operation for a
period of 60 days or more.
The Directors note that Energia del Sur S.A., which owns and
operates the power plant, 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
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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