Latest Share Chat

Opg Power Share News (OPG)

Opg Power Information

Buy OPG Shares
Add OPG to Watchlist
Add OPG to Alert

Share Price Information for Opg Power (OPG)

Share Price is delayed by 15 minutes

Get Live Data

Share Price: 10.75

Bid: 10.50

Ask: 11.00

Change: 0.125 (1.18%)

Spread: 0.50 (4.762%)

Open: 10.625

High: 10.75

Low: 10.625

Prev. Close: 10.625

Last checked at -

OPG Power gets boost from energy regulator

Tue, 03rd Apr 2012 11:09

OPG Power Ventures has announced that Indian energy regulator, Tamil Nadu Electricity Regulatory Commission, has sanctioned an increase in regulated tariffs with immediate effect, which OPG believes will boost its own earnings.Chief Executive Arvind Gupta said: "Recent federal budget pronouncements that reduce counter-veiling duty on imported coal from 5% to 1% and eliminate customs levies altogether for two years are expected to favourably [have an] impact [on] our fuel costs in 2012-13. More importantly, in our view these changes reinforce the intent of policymakers at various levels to support the sector. With 113 MW [megawatts] in generation and over 300 MW in new capacity to be rolled out over the next couple of years in Tamil Nadu alone, we look forward to the company benefiting significantly from these changes over the medium term."The tariff changes are the first such updates in several years in response to a clearly unsustainable position for the TNEB [Tamil Nadu Electricity Board]. The tariff increases and the adoption of a quarterly fuel surcharge represent a structural shift in the pricing environment. The regulator has signalled an intention to improve the financial health of TNEB and to provide an environment conducive to investment in the power sector."Key features of the order include an increase in regulated tariffs for virtually every category of consumer, which is expected to raise Tamil's revenues by 37% and reduce its projected deficit. In addition, there will be tariffs for high tension industrial users have effectively increased by INR 1.55 per kilowhatt hour (Kwh) or 34.5%, and an increase in transmission & wheeling charges of INR 0.32 per Kwh. OPG's share price rose 7.14% to 52.50p by 11:31.NR

More News

11 Mar 2019 11:36

OPG Power Ventures confirmed restart of Chennai unit

(Sharecast News) - OPG Power Ventures updated the market on its Chennai plant on Monday, having previously confirmed that the 180 MW 'unit IV' was shut down while turbine repairs were undertaken.

11 Mar 2019 09:54

OPG Power Ventures Restarts Operations At Chennai Unit IV

LONDON (Alliance News) - OPG Power Ventures PLC on Monday said it restarted operations at Unit IV of the Chennai plant in India after repairs were completed.OPG shares were trading up 9.6%

28 Feb 2019 12:14

OPG Power Ventures Confident As Chennai Power Plant Does Well

LONDON (Alliance News) - OPG Power Ventures PLC shares rose Thursday as the company reported "another strong" operational performance from its plant in Chennai, India.Shares were

28 Feb 2019 09:43

OPG Power production gets a boost from improved performance at Chennai plant

(Sharecast News) - Power plant operator OPG Power Ventures witnessed a 4.5% production increase in the first nine months of its trading year, predominately driven by an improved performance from its 414-megawatt plant in Chennai.

27 Nov 2018 10:38

OPG Power Interim Profit Rises On Higher Industrial Client Demand

LONDON (Alliance News) - OPG Power Ventures PLC on Tuesday reported a jump in profit in the first half of its current financial year, thanks to the rise in electricity price and higher generation

27 Nov 2018 10:32

OPG Power's revenue and profit climb on cheaper coal

(Sharecast News) - OPG Power Ventures' interim revenue climbed on Tuesday after a "strong operational performance" saw an increase in the company's power generation.

3 Oct 2018 17:15

DIRECTOR DEALINGS SUMMARY: OPG Power Deputy Chairman Buys Shares

LONDON (Alliance News) - The following is a summary of director dealings reported in London on Wednesday.----------OPG Power Ventures Non-Executive Deputy Chairman Jeremy Allen in

3 Oct 2018 16:25

DIRECTOR DEALINGS: OPG Power Ventures Deputy Chairman Buys Shares

LONDON (Alliance News) - OPG Power Ventures PLC said Non-Executive Deputy Chairman Jeremy Allen purchased shares worth GBP83,891 in the power plants development firm in two separate a transaction

24 Sep 2018 10:48

WINNERS & LOSERS SUMMARY: Thomas Cook Slumps After Profit Warning

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - WINNERS----------Sky,

24 Sep 2018 09:41

OPG Power Venture Shares Plummet By Quarter As Swings To Annual Loss

LONDON (Alliance News) - OPG Power Ventures PLC on Monday said it swung to a loss in its most recent financial year, as a result of higher coal prices and large provision related to its exit from

30 May 2018 12:22

OPG Power Ventures Non-Executive Director Ravi Gupta Steps Down

LONDON (Alliance News) - OPG Power Ventures PLC said Wednesday that Non-Executive Director Ravi Gupta stepped down from the board with effect from Tuesday.Gupta served on the board for 10

9 Sep 2016 08:01

OPG Power Ventures Chairman To Leave; London 2012 Tsar To Join Board

1 Aug 2016 12:14

OPG Power revenue and earnings ahead as chairman steps down

(ShareCast News) - Developer and operator of power generation assets in India, OPG Power Ventures, announced its preliminary results for the year ended 31 March on Monday. The AIM-traded firm said there was 80 MW of new capacity commissioned in the year, bringing the total operating capacity to 750

1 Aug 2016 08:59

OPG Power Chairman To Retire After Committing To Maiden Dividend

25 Jul 2016 15:11

Latest Share Chat

Opg Power Share News (OPG)

Share Price Information for Opg Power (OPG)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

OPG Power gets boost from energy regulator

Login to your account

Quickpicks are a member only feature

Login to your account