Rurelec PLC


Press Releases 2010

Trading Update

17 June 2010


Rurelec PLC

("Rurelec" or "the Company")


Trading update


Rurelec PLC (AIM: RUR), the developer, owner and operator of power generation capacity in Latin America, announces that it has been invited by the Government of Bolivia to commence formal negotiations in La Paz with the relevant Ministers with regard to compensation for the controlling stake in Empresa Electrica Guaracachi SA ("Guaracachi") which was nationalised on 1st May 2010.  

Rurelec hopes that these negotiations will result in an agreed compensation that reflects its rights under international law prior to the date when it may commence formal international arbitration proceedings.


No further announcements regarding the status of these negotiations are anticipated until agreement has been reached or arbitration commenced.


For further information contact:


Peter Earl
Managing Director 

+44 (0)20 7793 5610

Paul Shackleton/ Tessa Smith
Daniel Stewart & Company      

+44 (0)20 7776 6578

Daniel Briggs

Religare Capital Markets             

+44 (0)20 7444 0500

Richard Swindells/Andrew Craig,

Ambrian Partners

 +44 (0)20 7634 4700

Ana Ribeiro

Blythe Weigh Communications

+44 (0) 20 7138 3206

This website, like most websites, works best when allowed to set and use session cookies. We use cookies to improve the facilities of our website. A cookie is a small file of letters and numbers placed by a website onto a user's computer when he or she accesses the website. The cookies we use are shown in our privacy policy and do not collect personal information and are used solely for statistical purposes. Each time you visit the site your identity is not known to us. If you continue to browse the Rurelec PLC website, we'll assume that you are happy to accept these cookies.