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On 5 December 2025, OPG Power Ventures Plc's subsidiary, OPG Power Generation Pvt Ltd (OPGPG), received approval from the Tamil Nadu Electricity Regulatory Commission (TNERC) and executed a Power Purchase Agreement (PPA) with Tamil Nadu Power Distribution Corporation Limited (TNPDCL). This PPA is for the supply of 160 MW of electricity at a tariff of Rs 5.558 per kWh for a contracted term of 5 years, with electricity supply expected to commence from February 2026.
| Date | 5 Dec 2025 |
| Time | 12:45:52 |
| Category | Acquisitions and alliances |
| ID | 4985K |
THIS ANNOUNCEMENT WAS DEEMED BY THE COMPANY TO CONTAIN INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. WITH THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
5 December 2025
OPG Power Ventures Plc
("OPG", the "Group" or the "Company")
Power Purchase Agreement
Further to the announcement on 12 November 2025, OPG (AIM: OPG), the developer and operator of power generation assets in India, is pleased to announce that its subsidiary, OPG Power Generation Pvt Ltd ("OPGPG"), has today received approval by the regulator, the Tamil Nadu Electricity Regulatory Commission ("TNERC") and executed a power purchase agreement ("PPA") with Tamil Nadu Power Distribution Corporation Limited ("TNPDCL") for the supply of 160 MW of electricity to TNPDCL at a tariff of Rs 5.558 per kWh for a contracted term of 5 years. Accordingly, this agreement has now been fully executed and electricity supply is expected to commence from February 2026.
For further information, please visit www.opgpower.com or contact:
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OPG Power Ventures PLC |
Via Tavistock below |
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A P Singh |
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Cavendish Capital Markets Limited (Nominated Adviser & Broker) |
+44 (0) 20 7220 0500 |
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Stephen Keys/Katy Birkin/Isaac Hooper |
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Tavistock (Financial PR) |
+44 (0) 20 7920 3150 |
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Simon Hudson / Nick Elwes |