OPG Power Ventures (OPG) has delivered a strong production performance for the 9 months to Q3/18E (generation +9% to 3.7bn units). The performance is aided by higher utilisation rates at Chennai and Gujarat. Initial progress has been made regarding the withheld cross-subsidies in Gujarat. The company looks to FY19E as a transformational year when the first solar project is expected to fully contribute to the group.
13 Mar 2018
Q3/18E Trading Update
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Q3/18E Trading Update
OPG Power Ventures Plc (OPG:LON) | 10.8 0 0.0% | Mkt Cap: 43.1m
- Published:
13 Mar 2018 -
Author:
Cavendish Research -
Pages:
6
OPG Power Ventures (OPG) has delivered a strong production performance for the 9 months to Q3/18E (generation +9% to 3.7bn units). The performance is aided by higher utilisation rates at Chennai and Gujarat. Initial progress has been made regarding the withheld cross-subsidies in Gujarat. The company looks to FY19E as a transformational year when the first solar project is expected to fully contribute to the group.