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IPSA Group Says Chief Executive Phil Metcalf Died Tuesday
LONDON (Alliance News) - IPSA Group PLC on Thursday said Chief Executive Phil Metcalf died suddenly on Tuesday. Peter Earl, a non-executive director, has taken up the role of acting chief executive in the interim.
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IPSA Group hires new CEO Philip Metcalf
South African independent power firm IPSA Group (LON:IPSA) today announced that Peter Earl will step down from his position as chief executive to focus on his role at Rurelec (LON:RUR).
IPSA extends deal to supply power to South Africa's grid
IPSA's (LON:IPSA) South African subsidiary Newcastle Cogeneration has extended its power purchase agreement with Eskom, South Africa's state electricity company, for a year with an option for further two year extensions.
IPSA Says Malaysian Case Adjourned, Construction Starting
LONDON (Alliance News) - Power plant developer IPSA Group PLC on Thursday said Iris Ecopower Sdn Bhd has requested an adjournment on its application in the court case between the two in Malaysia.
IPSA has a chunk of its Ethos loan repaid
South African electricity group IPSA Group (LON:IPSA) has had €340,000 off of a loan from Ethos Energy Italia repaid, reducing the balance to €1.5mln.
SMALL CAP MOVERS: Portable hotel group Snoozebox soar on London borough deal
South American power firm Rurelec was another big riser, up 40 per cent, as it sold a controlling stake in the Canchayllo hydroelectric plant in Peru and agreed to repay debt, and make an outstanding �3.2million payment to IPSA for last year's turbine ...
Pennon Group plc Broker Press
11/09/2015, 09.11.15 :-7.5, (790) Exane BNP Paribas upgrades its rating to "outperform" from "neutral" and raised its price target to 950p from 900p.
Rurelec cuts debt as power project partnerships are signed
The Latin American power group expects to receive US$6.5mln from the disposal this month, which will be used to pay off �550,000 of the loan with Radix that is still outstanding and also to make a payment of �3.2mln to IPSA (LON:IPSA) for two turbines.
Rurelec confident of raising funds as it reviews assets
“While the medium term prospects for the group are reasonable, the company is acutely short of cash resources; the board is confident that the company will secure short term funding,” he added.
Rurelec's chief executive to depart with consultancy business
Rurelec recently arranged a US$12mln bridging loan, but said today it had negotiated, though not yet agreed, an alternative with an unnamed South American power group that is intended to lead to closer co-operation in future. IPC, acquired in 2013 for ...
Rurelec FY loss narrows; CEO Peter Earl to Step Down  RTT News