Statement re: Media Reports

RNS Announcement

RNS Number : 7509W

OPG Power Ventures plc

20 August 2020

OPG Power Ventures plc

("OPG" or the "Company")

Statement Re Media Reports on Sale of 414 MW Plant in Chennai

The Company notes recent unconfirmed and unsubstantiated reports in the media concerning a possible sale of OPG's 414 MW plant in Chennai for c. £102 million - £122 million (Rs10 billion - Rs12 billion). There is no basis for these reports and the Board confirms that the Company has no intention to sell the plant.

For further information, please visit www.opgpower.com or contact:

OPG Power Ventures PLC	+91 (0) 44 429 11211
Arvind Gupta / Dmitri Tsvetkov	+91 (0) 44 429 11211

Cenkos Securities plc (Nominated Adviser & Broker)	+44 (0) 20 7397 8900
Russell Cook / Cameron MacRitchie	+44 (0) 20 7397 8900

Tavistock (Financial PR)	+44 (0) 20 7920 3150
Simon Hudson / Barney Hayward	+44 (0) 20 7920 3150

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RNS metadata

Title: Statement re: Media Reports
Time: 16:01:55
Date: 20 Aug 2020
Category: Corporate updates
ID: 7509W