Wednesday, January 11, 2012

Orient Green Power Company limited (OGPL) ... CMP 10/- .... BUY a Multibagger in future 55++

Orient Green Power Company limited (OGPL) is a leading independent renewable energy power producer in India.They are the largest independent operator and developer of renewable energy power plants in India based on aggregate installed capacity. Currently their portfolio includes biomass, biogas, wind energy and small hydroelectric projects at various stages of development. As of March 31, 2010, their total portfolio of operating projects included 193.1 MW of aggregate installed capacity, which comprised 152.6 MW of wind energy projects and 40.5 MW of biomass projects. Their portfolio of committed and development projects included approximately 815.5 MW of prospective capacity, which comprised an estimated 622.0 MW of wind energy projects, 178.5 MW of biomass projects and a 15.0 MW small hydroelectric project. They are one of the top two independent operators and developers of wind farms in India based on aggregate installed capacity. Our wind energy business focuses on the development and operation of wind farms in India, Europe and South Asia. Our currently operating wind farms are located in the states of Tamil Nadu and Andhra Pradesh, which are among the top four Indian states with the highest wind potential and which have favorable incentives for renewable energy companies. Biomass power business focuses primarily on the development and operation of multi-fuel biomass-based power plants that generate electricity from agri-residues and waste from agriculture crops, forestry and related industries, such as rice, mustard and soya bean husks, straw, cotton and maize stalks, coconut and ground nut shells, wood chips, poultry litter, and bagasse. We target regions with sufficient availability of biomass, favorable incentives for renewable energy companies, attractive tariff structures and a shortage of electricity supply. In its endeavor to have a balanced portfolio of renewable energy assets, OGPL would focus on Small Hydropower as another growth area. As a strategy, the company would undertake Small Hydropower projects through joint ventures so as to benefit from the experience of joint venture partners. To start with the company is implementing a Small Hydel plant with 15 MW capacity at Orissa through a joint venture company - Pallavi Power and Mines Limited.