Rurelec power plant progress

Companies: RUR

13/08/2008

South American electrification specialist Rurelec has commissioned its latest power plant in Bolivia.

Headed by seasoned maverick financier Peter Earl, the AIM-quoted company says its Bolivian subsidiary, Empresa Guaracachi, has commissioned the 6 megawatt Jenbacher II plant in Sucre, Bolivia’s constitutional capital. The plant, which complements Sucre’s 8 megawatt Jenbacher I plant installed two years ago, has now had its units officially accepted onto the Bolivian national grid.

Floated four years ago at 40p, London-based Rurelec’s shares now trade at 57p, up 1.5p this morning. This values the company at £49 million.

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Robert Tyerman

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Rurelec	AIM	£21.88m	25.50p	-2.50p
Click here for interactive charting
Other company articles:
Rurelec power plant progress			13/08/2008
Rurelec profits plunge			23/05/2008
Rurelec sees carbon credit gains			27/09/2007
Diploma delivers despite dollar headwind			29/05/2007
'Negative goodwill' helps Rurelec			09/05/2007

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