UK firm wins power contract in Peru

A UK power company that operates in Latin America has been granted an exclusive right to develop a new project in Peru. Rurelec will build a 120MW gas-fired power plant on an isolated field in the Amazonian region of Northern Peru. It will be located close to the city of Tarapoto where there are currently […]

UK firm has Bolivian assets nationalised

UK company Rurelec is mounting a £46m compensation case after its stake in Bolivian power company Empresa Electrica Guaracachi was seized and nationalised by President Evo Morales. Rurelec’s stake was held by its subsidiary Guaracachi America Inc. The nationalisation was part of a May Day supreme decree issued by president Morales which brought four of […]