Notice of Results

RNS Number : 2295E

OPG Power Ventures plc

14 July 2016

 

14 July 2016

OPG Power Ventures Plc

Notice of FY16 Final Results

OPG Power Ventures Plc ("OPG", the "Group" or the "Company"), (AIM: OPG), the developer and operator of power generation facilities in India, is pleased to announce that its preliminary results for the year ended 31 March 2016 will be issued on Monday, 1 August 2016.

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

OPG Power Ventures PLC Arvind Gupta / V Narayan Swami	[phone]
Investor Relations Ajay Paliwal/Pooja Maru	[phone]
Cenkos Securities (Nominated Adviser & Broker) Stephen Keys / Camilla Hume	[phone]
Macquarie Capital (Europe) Limited (Joint Broker) Raj Khatri / Nick Stamp	[phone]
Tavistock (Financial PR) Simon Hudson / James Collins	[phone]

About OPG

OPG operates and develops power generation related assets in India, principally under the group captive model and currently has 750 MW of thermal power generation assets in operation.  It aims to be recognised as a sector leader for the quality of its earnings, the growth it delivers and its performance against its own safety and environment management standards.  For the next phase of growth, OPG has set a target to build at least 300 MW of solar energy projects in India in the next three years and  its asset base will increasingly  replicate India's forecast energy generation mix.

In the six months ended 30 September 2015, according to its unaudited results for the period, the Company generated revenues of approximately £56 million, EBITDA of £23.25 million and earnings per share of 3.41 pence.  OPG is listed on the Alternative Investment Market ("AIM") of the London Stock Exchange and trades with a ticker symbol "OPG.L".

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