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