31st Jan 2014 11:29
LONDON (Alliance News) - Rurelec PLC Friday said the Permanent Court of Arbitration in The Hague has confirmed that the Bolivian compensation award decision will be released after market hours Friday.
The power generation company spent 2013 fighting to get compensation after the Bolivian government last year nationalised its power plant in the country by force in 2010.
The Permanent Court of Arbitration in the Hague heard the case last April and the company is awaiting how much compensation it is due.
The PCA will not make the award public on its website until Rurelec has notified the London Stock Exchange.
The company said that, following the release of the award decision, it will place a summary of the decision on its website.
Rurelec shares were up 15% to 15.22 pence Friday.
The stock was trading at 13.17 pence Wednesday afternoon, up 0.17 pence or 1.3%.
By Tom McIvor; [email protected]; @TomMcIvor1
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