OPG Power Ventures plc is the London listed power company, that is generating electricity in India.
A £376m company, it is a non-trivial business, that is generating power in the emerging economic super power of India.
[http://www.shareshop.hsbc.co.uk/shareshop/security.cgi?csi=1698767]
The principal business of the Company is developing, owning and operating power stations in India. The electricity generated from OPG Power Ventures power plants is sold principally to public sector undertakings and heavy industrial companies in India or in the short-term market.
The investment arm of the UK insurance giant UK Prudential, M&G Investment Management own 12.5% of OPG Power Ventures plc.
When you look at the fundamentals of India, the currency has fallen from £1 to 80 Rupees to £1 to 100 Rupees, this 20% devaluation means, Indian investment is now very attractive, as things are 20% cheaper when spending in a foreign currency.
More importantly, India needs infrastructure investment, to meet the demands of the growing middle class.