Transcripts of the Final Hearing Against Bolivia

RNS Number : 3134C

Rurelec PLC

15 April 2013

 



15^th April 2013

Rurelec PLC

("Rurelec" or "the Company")

Transcripts of the Final Hearing Against Bolivia

The Directors of Rurelec PLC, (AIM:RUR) the electricity utility which owns and operates power generation capacity in Latin America, informs investors that the final arbitration hearing in relation to the claim brought by Rurelec and its wholly owned subsidiary Guaracachi America Inc against the Plurinational State of Bolivia ("Bolivia") came to a close on 9 April 2013. The audio recordings and the written transcripts of the hearing 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 go on to Rurelec's website: www.rurelec.com .

Speaking in London, Peter Earl said:

"The final arbitration hearing has now ended and we are satisfied with the way in which it was conducted and with the opportunity it provided for Rurelec to make its case in front of the arbitration tribunal.

"We are confident that there will be a fair outcome.  The final hearing and its preparation required incredible hard work over long hours from all of those involved as representatives and as advisors. We now await the final ruling regarding the quantum of compensation to be paid, which will be announced as soon as it is available following a period of deliberation by the tribunal members."

No date has been set for the publication of the recordings and transcripts, however, it is expected that the audio recordings will be made public by the end of April and that the final written transcripts will be made public one month later.

For further information please contact:

Peter Earl, CEO, Rurelec PLC Ana Ribeiro, Head of Communications www.rurelec.com	Tel: [phone]
Paul Shackleton, Daniel Stewart & Company Plc	Tel: [phone]
Halimah Hussain/Jon Belliss, XCAP Securities	Tel: [phone]

 

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