Press Releases 2013

Parties' Post-Hearing Briefs and Statement of Costs

Details

Published: Monday, 22 April 2013 09:49

Rurelec PLC, (AIM:RUR) the electricity utility which owns and operates power generation capacity in Latin America, announces that following the final hearing in the arbitration against the Plurinational State of Bolivia ("Bolivia") which ended on the 9^th April 2013, post hearing briefs (of a maximum of 60 pages in length and in accordance with the arbitral tribunal's instructions) and statements of costs will be submitted by the parties to the arbitral tribunal by 24^th May 2013.

The post-hearing briefs and statements of costs will be made public once posted on the Permanent Court of Arbitration's (PCA) website: www.pca-cpa.org. At that time, they will also be posted to Rurelec's website: www.rurelec.com.

No further information is likely to be made public until the arbitral tribunal issues its award following a period of deliberations. No timeframe has been given with respect to the issuance of the award.

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