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Rurelec power plant progress    

Article Date:  Aug 13 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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