Collections of contractual claims payments

RNS Number : 3953G
OPG Power Ventures plc
25 November 2020
 

25 November 2020

 

OPG Power Ventures plc

("OPG" or the "Group")

 

Collections of contractual claims payments from customers

 

 

OPG is pleased to report that the Group has collected contractual claims payments from its customers under the power purchase agreements amounting to c.£9.5 million (Rs.0.9 billion). These contractual claims were accumulated over several periods and will be recognised as income in the FY21 financial statements. 

The collection of these claims has strengthened the Group's financial position and liquidity during these uncertain times caused by the COVID-19 pandemic.

 

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

 

OPG Power Ventures PLC

+44 (0) 782 734 1323

Dmitri Tsvetkov



Cenkos Securities plc (Nominated Adviser & Broker)

+44 (0) 20 7397 8900

Russell Cook / Stephen Keys / Cameron MacRitchie



Tavistock (Financial PR)

+44 (0) 20 7920 3150

Simon Hudson / Nick Elwes

 

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