Press Releases 2007
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Rurelec is pleased to announce the appointment of Frederick G. Fisher III as an independent non-executive Director of the Company with immediate effect.
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22nd November 2007
Rurelec plc (AIM:RUR) announces today that its Bolivian subsidiary, Empresa Guaracachi SA ('Guaracachi') has finalised its 96 MW combined cycle gas turbine ('CCGT') expansion project in Santa Cruz de la Sierra.
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Guaracachi's CCGT project is the largest single power unit ever to be constructed in Bolivia. At 96 MW of electric output, it will represent more than 10 per cent. of the country's peak demand when completed in early 2009 and it will help alleviate power shortages which have been forecast during the next eighteen months.
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Guaracachi has signed contracts to acquire a steam turbine from Steag of Germany which is now being reconditioned by Sulzer Hickham before delivery to Bolivia. At the same time the Board of Guaracachi has approved the selection of IST of Canada as preferred supplier for two heat recovery steam generators ('HRSGs') which comprise the heart of the conversion project. Contract signature is expected by the end of November.
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Read more: Empresa Guaracachi Finalises Combined Cycle Expansion Project
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