News for Spread Betters

Previous

Next

There's a new Investor Edition of CMC Markets' spread betting platform... and it's exclusive to DigitalLook.com users...

Get full details about Marketmaker:Investor Edition here.

News for Spread Betters

Previous

Next

There's a new Investor Edition of CMC Markets' spread betting platform... and it's exclusive to DigitalLook.com users...

Get full details about Marketmaker:Investor Edition here.

Unsecured Loans

Previous

Next

Lighten the load of all those repayments with a low rate unsecured loan. This month's selected offers:

1. Barclays Loans
2. Halifax Loans

AMEX Platinum

Previous

Next

Money back on your spendings? With American Express Platinum MoneyBack card, you can get

• 5% Money Back* during your first 3 months, then
• standard Money Back rate up to 1.5% with
• typical APR 18.9% variable

Why look further? Apply now!

Digital Look's Best Picks

Previous

Next

Your money can work for you! Get it going with one of this month’s high interest current accounts:

1. A&L Premier Direct
2. Coventry First Account
3. Co-operative Current Plus

Date: Friday 30 May 2008

LONDON (ShareCast) - Indian power plant operators took center stage on AIM this week with KVK Energy announcing plans to list via a placing of new shares with institutional investors.

The company did not comment on how much it intends to raise, but the Financial Times reported this morning that KVK is looking for $75m to fund expansion.

The company has already developed five operational plants with an aggregate gross capacity of 88.5MW. Five further plants are currently under construction and development with an aggregate gross capacity of 2,391 MW.

“We have a solid platform for growth and a clear growth strategy to strengthen our presence in India’s fast-growing economy as the demand/ supply gap for power continues to widen,” said chief executive Vijay Kumar.

“Our experienced team has a proven ability to execute the development and operation of power plants, and this IPO will help us to grow sustainably and rapidly in this exciting market,” Kumar added.

OPG Power, which operates captive power plants (GCPPs) in India, has started trading on AIM, having raised £65.1m through a placing of 108.42m shares at 60p each.

The group said it will use the funds to finance the building of a further four power stations, increasing its power output from the existing 19MW to over 450MW.

“OPG is pleased with the extremely strong response from the UK investment community to our business which is focused on addressing the significant power deficit issues in India,” said managing director Arvind Gupta.

“We welcome our new shareholders and look forward to updating them on our progress in due course, whilst we deliver on our aggressive growth strategy,” Gupta added.

• News Channel