OPG Power generation edges higher; sees Covid-10 demand hit in India

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Indian power plant developer OPG Power Ventures said it generated slightly more electricity in the year through March, though it acknowledged the Covid-19 crisis was crimping demand for power in the new financial year.

Total generation for the year through March 2020 was of 2.72bn units, compared to 2.71bn units-year, while the plant load factor was steady at 75%.

The company achieved an average tariff of Rs5.67, up 4.8% on-year.

Various cost reduction, efficiency improvement and liquidity improvement measures had been implemented to ensure sustainable operations,' OPG said.