REG - OPG Power Ventures - Update

OPG Power VenturesAnnouncement

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RNS Number : 2169H  OPG Power Ventures plc  12 November 2025

12 November 2025

 

OPG Power Ventures plc

("OPG" or "the Group" or "the Company")

 

Update

 

OPG (AIM: OPG), the developer and operator of power generation assets in
India, notes the media reports regarding a letter of award (the "LOA")
relating to a potential power purchase agreement ("PPA") between Tamil Nadu
Power Distribution Corporation Limited ("TNPDCL") and OPG Power Generation Pvt
Ltd ("OPGPG"), a subsidiary of OPG.

 

In the ordinary course of its business, OPGPG participates in multiple open
tenders for electricity procurement under short, medium and long term
agreements. In one such tender, OPGPG received an LOA dated 4 November 2025
from TNPDCL for the proposed supply of 160MW of electricity to TNPDCL for five
years at a tariff of Rs 5.558 per kwh. OPGPG confirmed acceptance of the LOA
to TNPDCL on 11 November 2025.

 

Subject to the approval by the regulator, the Tamil Nadu Electricity
Regulatory Commission ("TNERC"), and execution of a PPA with TNPDCL, which is
to be executed in due course, electricity supply is expected to commence from
February 2026.

 

The Company will make further announcements as appropriate.

 

 

 OPG Power Ventures PLC                 Via Tavistock below
 A P Singh

 Cavendish Capital Markets Limited      +44 (0) 20 7220 0500

 (Nominated Adviser & Broker)
 Stephen Keys/Katy Birkin/Isaac Hooper

 Tavistock (Financial PR)               +44 (0) 20 7920 3150
 Simon Hudson / Nick Elwes

 

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