TIDMOPG

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.GBP9.5 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:

 
                                             +44 (0) 782 734 
   OPG Power Ventures PLC                     1323 
 Dmitri Tsvetkov 
 
 Cenkos Securities plc (Nominated Adviser    +44 (0) 20 7397 
  & Broker)                                   8900 
 Russell Cook / Stephen Keys / Cameron 
  MacRitchie 
 
                                             +44 (0) 20 7920 
 Tavistock (Financial PR)                     3150 
 Simon Hudson / Nick Elwes

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November 25, 2020 02:00 ET (07:00 GMT)

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