Re: Sale of Canchayllo Hydroelectric Plant

RNS Number : 0869J

Rurelec PLC

01 April 2015

 



1 April 2015                                                                

Rurelec PLC

("Rurelec" or "the Company")

Further re: Sale of Canchayllo Hydroelectric Plant

Further to the announcement of 2 March 2015, the Company has yet to receive the US $6.6 million net proceeds of the contracted sale of a controlling equity stake in Rurelec's Canchayllo hydroelectric plant in Peru.

The funds are due, and are expected shortly, but have been subject to administrative delays in the release of funds. Accordingly, the Radix loan of £550,000 has yet to be repaid and the Directors are grateful to Radix for their patience in the matter. A further announcement will be made in due course.

-Ends -

For further information please contact:

Rurelec PLC	W H Ireland	CNC Communications
Peter Earl, CEO	Paul Shackleton and James Bavister	Ana Ribeiro, Ian Brown
Tel: [phone]	Tel: [phone]	Tel: [phone]/ 020 3219 8817

Or visit our website: www.rurelec.com  

 

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