Executive Summary

OPG Power Ventures plc has been established to develop, own and manage power generation plants in India. The Company intends to build further power plants focussing on the group captive model servicing industrial and commercial consumers. The Directors believe that the prevailing and expected electricity demand and supply imbalance in India presents significant opportunities in the power generation sector for the Company and that the Company is well placed to be a leader in the Indian power generation sector. The Group set up the first GCPP in Tamil Nadu in March 2004 and this plant now generates 19.38 MW of gas fired and waste heat electricity. In addition, the Group has a 10 MW plant due to commence production in the third quarter of 2008, a 77 MW plant projected to become operational by the first quarter of 2009 and a further two 135 MW plants which are projected to commence operations by the first quarter of 2010.

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