CORDOBA, ARGENTINA -- (MARKET WIRE) -- 06/20/08 -- Researched by Industrial Info Resources(Sugar Land, Texas) -- Rurulec PLC (LON:RUR) (London) recently announcedthat it has signed a conditional agreement to buy the remaining 50% ofEnergia del Sur S.A. (EDS) (Chubut, Argentina). The purchase would becarried out with an initial $12 million cash payment, a further payment of$3 million after three months and $10 million due in one year.EDS owns the 76-megawatt (MW) Central Termica Patagonia plant in ComodoroRivadavia in the Patagonian province of Chubut. The plant is in the finalphase of a combined-cycle conversion project that will incorporate a steamturbine to two General Electric (NYSE:GE) (Fairfield, Connecticut)combustion turbines.For details, view the entire article by subscribing to Industrial Info'sPremium Industry News athttp://www.industrialinfo.com/showNews.jsp?newsitemID=134571, or browseother breaking industrial news stories at www.industrialinfo.com.
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