Receipt of Environmental Approvals
June 30 2010 - 2:00AM
UK Regulatory
TIDMOPG
RNS Number : 4552O
OPG Power Ventures plc
30 June 2010
OPG Power Ventures PLC
("OPG or the "Company")
Receipt of Environmental Approvals in respect of the Kutch 2 x 150 MW Facility
(presently under development)
OPG, the developer and operator of Group Captive Power stations in India, is
pleased to announce that it has received final environmental approval in respect
of the 2 x 150 MW coal fired power station under development in Kutch which
means all the necessary clearances and inputs required at this stage of the
development are in place.
Construction at site is scheduled to commence in Q3 2010. Contracts for the
boiler turbine generator were placed in March 2009 with BHEL and the manufacture
and assembly of these units is proceeding on schedule.
Tata Power Company Limited, the Project Managers, are taking effective steps to
start the activities and it is expected that civil construction at site will
begin in August 2010.
The Company is also pleased to announce that it has secured a coal linkage from
the Government of India to cover 70 per cent. of the coal requirements of the
Kutch facility. This gives a significant level of security for the fuel supply
for the operations of this plant, being a commitment of coal from public sector
mines to supply the requirements of the power plant for its operating life. The
Company's boilers are configured so that they may use a range of coal from
Indian to Indonesian or a blend of differing coals.
Further updates about the progress of the development will be issued in due
course.
Arvind Gupta, CEO commented, "This is another significant milestone for OPG in
the quadrupling of its capacity from the present 107 MW of power generation to
407 MW and we look forward to the works commencing on site."
+---------------------------------------+----------------+
| OPG Power Ventures Plc | |
+---------------------------------------+----------------+
| Arvind Gupta (Managing Director) | +44 (0) 7814 |
| | 830 893 |
| | +91 (0) 98400 |
| | 96299 |
| | +91 (0) 44 429 |
| | 11 222 |
| | |
+---------------------------------------+----------------+
| V. Narayan Swami (Finance Director) | +91 (0) 99400 |
| | 17927 |
| | +91 (0) 44 |
| | 42911214 |
| | |
+---------------------------------------+----------------+
| Martin Gatto (Senior Non Executive | +44 (0) 7778 |
| Director) | 749 223 |
+---------------------------------------+----------------+
| | |
+---------------------------------------+----------------+
| Cenkos Securities (Nominated Adviser | +44 (0) 20 |
| & Broker) | 7397 8900 |
+---------------------------------------+----------------+
| Stephen Keys/ Camilla Hume | |
+---------------------------------------+----------------+
| | |
+---------------------------------------+----------------+
| Tavistock Communications | +44 (0) 20 |
| | 7920 3150 |
+---------------------------------------+----------------+
| Simon Hudson / James Midmer | |
+---------------------------------------+----------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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