AGM Statement
September 30 2010 - 11:50AM
UK Regulatory
TIDMOPG
RNS Number : 6489T
OPG Power Ventures plc
30 September 2010
OPG Power Ventures plc
("OPG" or "the Company")
Statement from the Second Annual General Meeting of Shareholders held on 30th
September 2010
OPG Power Ventures PLC, the developer and operator of Group Captive cum Merchant
Power plants in India, announces that its Second Annual General Meeting of
Shareholders was conducted today. All of the resolutions proposed in the notice
of the meeting were duly passed.
The Chairman, Mr M.C. Gupta, speaking at the meeting stated:
"OPG has commenced the current reporting year on a significantly stronger
foundation: The Group now has a total operating capacity of 107 MW. The output
level at its first large plant at Chennai (77MW), which was commissioned in
April 2010, has completed a normal period of stabilisation and is now yielding
satisfactory revenues. More milestones remain to be reached, specifically the
speedy implementation of the Kutch 2 x 150 MW facility by first half of 2013 as
well as further projects under development and in the pipeline. Given the
highly favourable environment and market conditions in which the Group operates,
OPG looks forward to further growth prospects and value creation in the years to
come."
Further information, please contact:
+-----------------------------------------------------+----------------------+
| 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 +91 (0) 99400 | |
| Director) 17927 | |
| +91 (0) 44 | |
| 42911214 | |
| Martin Gatto (Senior Non +44 (0) 7778 749 | |
| Executive Director) 223 | |
| Cenkos Securities +44 (0) 20 7397 | |
| (Nominated Advisor & Broker) 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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