KSK has provided an update on its operations and the ongoing coal block auctions in India. Operationally the expected uptick in activity on both Wardha and Mahanadi has not come through in the second half (despite the second 600MW unit on Mahanadi being commissioned) meaning revenues in FY 2015 are expected to be flat on FY 2014. Based on lower PLFs and some pricing and margin pressure for these projects versus our assumptions we are cutting forecasts for FY 2015 and we roll this effect over
09 Mar 2015
Operational Update
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Operational Update
KSK Power Ventur plc (KSK:LON) | 0 0 0.0% | Mkt Cap: 3.94m
- Published:
09 Mar 2015 -
Author:
Daniel Slater -
Pages:
6
KSK has provided an update on its operations and the ongoing coal block auctions in India. Operationally the expected uptick in activity on both Wardha and Mahanadi has not come through in the second half (despite the second 600MW unit on Mahanadi being commissioned) meaning revenues in FY 2015 are expected to be flat on FY 2014. Based on lower PLFs and some pricing and margin pressure for these projects versus our assumptions we are cutting forecasts for FY 2015 and we roll this effect over