Projects Update

RNS Number : 8415E

OPG Power Ventures plc

07 June 2012

 



OPG Power Ventures plc

("OPG" or the "Company")

Construction nearing completion at 77 MW Chennai II project

Equipment deliveries underway at 300 MW Gujarat project

The Company is pleased to provide the following update on two of its projects.

77 MW Chennai II

Construction activities at the 77 MW Chennai II plant are now nearing completion with commissioning trials set to commence from 15 June 2012. In order for the trials to proceed facilities such as the coal conveyor and chimney stack, shared with 77 MW Chennai I plant, need to be connected.  To facilitate this, the Company has brought forward its annual two week maintenance programme on Chennai 1. Based on a successful trial period, the Company expects Chennai II to start generating commercial revenues from September 2012. 

300 MW Gujarat

Construction has progressed at the project site and boiler foundations for the first 150 MW module are complete with those for the accompanying 150 MW module also nearing completion. Significant amounts of equipment have already been delivered to site and assembly will commence shortly.  Accordingly, the project remains on track for completion in 2013.

Recent photographs of developments at both of the above projects have been placed on the Company's website at www.opgpower.com.

The Company's other projects also remain on track.

Annual Results - year ended 31 March 2012

The Company expects to issue its annual results on 2 July 2012.

For further information, please visit www.opgpower.com or contact:

OPG Power Ventures plc	[phone]
Arvind Gupta (Managing Director)
V. Narayan Swami (Finance Director)
Cenkos Securities (Nominated Adviser & Broker)	[phone]
Stephen Keys/ Camilla Hume
Tavistock Communications	[phone]
Simon Hudson

 

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