OPG Power Ventures fully delivered on targets, says Macquarie
Broker Macquarie rates India-focused power generator OPG Power Ventures PLC s 'outperform' and says "significant upside" is on the way.
Company
OPG Power Ventures PLC
LON:OPG
OPG operates and develops power generation assets in India and currently has 414 MW in operation principally under the group captive model and 62MW of Solar assets. OPG has been listed on the AIM market of the London Stock Exchange since May 2008 and since listing in 2008, the Company has grown from 20 MW of generating capacity to 476 MW, consistently delivering strong results as well as growth. In our view India provides exciting and dynamic opportunities in our sector given its low and rising per capita consumption of electricity as well as India’s overall economic growth estimates. With its track record of engineering, operations and financial management, OPG is well positioned to play a part in this growing sector.
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