Ann: ERM POWER ANNOUNCES EXPANSION INTO US ENERGY MARKET, page-6

That's got to be either a one-off or a typo. Their 2015 to 2017 PEs are around 17 decreasing to 13 @ $2.20. Still not that bad for a growing company:

	{caption}Earnings and Dividends Forecast (cents per share){/caption}
1		2014	2015	2016	2017
2	EPS	80.8	12.8	13.2	17.5
3	DPS	12.0	12.5	13.5	14.5