Rurelec PLC Debt repayment and Update re: Energia del Sur S.A. (7133L)
December 28 2018 - 6:03AM
UK Regulatory
TIDMRUR
RNS Number : 7133L
Rurelec PLC
28 December 2018
Rurelec PLC
("Rurelec" or the "Company")
Substantial debt repayment and Update regarding Energia del Sur,
S.A.
Substantial debt repayment
The Directors of Rurelec PLC (AIM: RUR), the owner, operator and
developer of power generation capacity in South America, announce
that they have today repaid GBP400,000 to Bridge Properties (Arena
Central) Limited in respect of clearing outstanding interest
payments on short-term loan facilities dated 17 February 2016 and
13 April 2016.
Update regarding Energia del Sur, S.A.
Further to the announcement of 24 September 2018, the Directors
of Rurelec PLC have been informed by the management of Energia del
Sur S.A. ("EdS"), which owns and operates the 136 MW Southern
Patagonian CCGT power plant in Argentina, that the major overhaul
of the steam turbine is progressing satisfactorily, and it is
estimated to be completed in early January 2019. Whilst this is not
guaranteed, the riskier parts of the major maintenance project have
been satisfactorily completed and EdS management thus have a high
degree of confidence in predicting the start up in the timescale
indicated.
A further update will be provided once the plant becomes fully
operational.
For further information please contact:
Rurelec PLC W H Ireland (Nomad & Broker)
Simon Morris, Director Katy Mitchell
Andy Coveney, Director Chris Viggor
Tel: 020 7025 8026/8 Tel: 020 7220 1666
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END
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