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OPG Power Ventures - Hitting the motherlode in November

September 2014

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • OPG
  • Price:
  • 97p
OPG is getting close to completing its stated infrastructure programme, with Chennai IV power plant (180MW) and the 300MW plant in Gujarat on track for commissioning in November. Given that the company presently has 234MW capacity in place this is clearly going to be a transformational development as it is a near tripling of capacity. OPG presently imports 67% of its coal requirements and has also announced that it has formed a joint venture with Noble Chartering to secure attractive long-term freight rates for its imported coal for 10 years, which are lower than rates presently available to it. Under the agreement, OPG and Noble will each invest £5m in the jv, which will own two 64,000t cargo vessels, which will be delivered from ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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