REG - OPG Power Ventures - Collections of contractual claims payments

OPG Power VenturesAnnouncement

25/11/2020 07:01

RNS Number : 3953G
  
OPG Power Ventures plc
  
25 November 2020
  
 

25 November 2020
 
OPG Power Ventures plc
("OPG" or the "Group")
 
Collections of contractual claims payments from customers 
 
 
OPG is pleased to report that the Group has collected contractual claims payments from its customers under the power purchase agreements amounting to c.£9.5 million (Rs.0.9 billion). These contractual claims were accumulated over several periods and will be recognised as income in the FY21 financial statements. 
The collection of these claims has strengthened the Group's financial position and liquidity during these uncertain times caused by the COVID-19 pandemic.
 
For further information, please visit www.opgpower.com or contact:



 
OPG Power Ventures PLC 


+44 (0) 782 734 1323




Dmitri Tsvetkov 














Cenkos Securities plc (Nominated Adviser & Broker)


+44 (0) 20 7397 8900




Russell Cook / Stephen Keys / Cameron MacRitchie














Tavistock (Financial PR) 


+44 (0) 20 7920 3150




Simon Hudson / Nick Elwes 



 
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