Updates

OPG Power Ventures

June 2015

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

OPG has announced that its new Gujarat plant (300 MW capacity) has commenced commercial operations and is expected to make a full contribution as from September 2015. This is slightly later than we expected but reflects the requirement for additional transmission capacity, which is now being made available by the State transmission company. At full capacity its unit generation costs are expected to be lower than at its other site in Tamil Nadu reflecting its larger size, while average tariffs across the group should be around Rs 5.00 per KwH for FY2016. Therefore margins should be higher.Encouragingly, OPG’s other new project at Chennai IV (180MW capacity) should begin commercial operations in April 2015.Meanwhile OPG&r ...

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Nichols

Hunting

OPG Power Ventures - New power capacity to drive step increase in eps (July 2015)

OPG Power (January 2015)

OPG Power Ventures - Power generator forecast to increase eps from 4.1p to 17.9p in two years (November 2014)

OPG Power Ventures - Indian power generator to grow eps from 4.1p to 20.0p between 2014-17 (October 2014)

OPG Power Ventures - Indian power generation firm makes strong market debut (July 2008)

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