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12 Nov 2025 07:00
12 November 2025
OPG Power Ventures plc
("OPG" or "the Group" or "the Company")
Update
OPG (AIM: OPG), the developer and operator of power generation assets in India, notes the media reports regarding a letter of award (the "LOA") relating to a potential power purchase agreement ("PPA") between Tamil Nadu Power Distribution Corporation Limited ("TNPDCL") and OPG Power Generation Pvt Ltd ("OPGPG"), a subsidiary of OPG.
In the ordinary course of its business, OPGPG participates in multiple open tenders for electricity procurement under short, medium and long term agreements. In one such tender, OPGPG received an LOA dated 4 November 2025 from TNPDCL for the proposed supply of 160MW of electricity to TNPDCL for five years at a tariff of Rs 5.558 per kwh. OPGPG confirmed acceptance of the LOA to TNPDCL on 11 November 2025.
Subject to the approval by the regulator, the Tamil Nadu Electricity Regulatory Commission ("TNERC"), and execution of a PPA with TNPDCL, which is to be executed in due course, electricity supply is expected to commence from February 2026.
The Company will make further announcements as appropriate.
OPG Power Ventures PLC | Via Tavistock below |
A P Singh | |
| |
Cavendish Capital Markets Limited (Nominated Adviser & Broker) | +44 (0) 20 7220 0500 |
Stephen Keys/Katy Birkin/Isaac Hooper | |
Tavistock (Financial PR) | +44 (0) 20 7920 3150 |
Simon Hudson / Nick Elwes |
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