RE: Turbines11 Jan 2022 17:15
Rurelec PLC (AIM: RUR) announces today that its wholly owned Chilean subsidiary, Termoelectrica Del Norte SA ("TDN") has agreed to dispose of its Frame 6B gas turbine generating set and certain associated ancillary equipment (the "Turbine") for a cash consideration of US $1m
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Chile and the Group's two 701DU Siemens turbines
The Group's Central Illapa project ("Mejillones") remains consented, and licence fees have been paid to maintain that consent. The two 701DU turbines, which are stored in Italy, could be used in the project (the turbines are consented for the project), or be sold on the open market. The Directors are pursuing both options in line with the strategy to return value to shareholders in the shortest possible timeframe.
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Perhaps a little more understanding will go a long way .
Outstanding rise ,sustained .