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OPG Power business returning to normal after Tamil Nadu storms

Published: 02:40 23 Dec 2015 AEDT

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All of the output of the 414MW coal-fired Chennai plant is currently contracted.

Indian electricity utility OPG Power (LON:OPG) has come through recent heavy rain in Tamil Nadu province without damage or injury to staff, it reported today.

Its 414Mw plant in Chennai remained available for production throughout the rain. 

Coal stocks remained available in on-site sheds, while excess water from the site drained away so effectively that local communities also used its drainage systems. 

Demand for both power and grid availability were affected by the weather, but the reduction in revenues was slight and trading for the year is in line with market expectations.

OPG mean while has now agreed to supply local power company TANGEDCO all of the output from one 77Mw unit at a net tariff of R5.05 per KwH until the end of May 2016.

All of the output of the 414MW Chennai plant is currently contracted. 

Arvind Gupta, chief executive, said:  "The people of Chennai bore the brunt of recent weather events and I'm humbled by their resilience. 

“Our business has also demonstrated its resilience in limiting any impact from recent events and activity is now returning to normal."

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