KAPCO’s Power Purchase Agreement to be novated to CPPA-G

News Image

MG News | February 16, 2021 at 09:49 AM GMT+05:00

0:00

February 16, 2021 (MLN): Kot Addu Power Company Limited, and the Pakistan Water and Power Development Authority have executed the Master Agreement and the Third Amendment to the Power Purchase Agreement.

According to a notification issued in this regard, the terms and conditions of the agreements remain materially and substantially the same as earlier intimated in the company’s disclosure of February 1, 2021.

KAPCO, WAPDA and the Central Power Purchasing Agency (Guarantee) Limited have also entered into a Novation Agreement to transfer the rights, obligations and liabilities of WAPDA under the Power Purchase Agreement (as amended by the Third PPA Amendment Agreement) in favor of CPPA-G.

CPPA-G is the Market Operator, inter alia, facilitating the power market transition from the current single buyer to competitive market. The Power Purchase Agreements of IPPs are with/have been novated to CPPA-G. Hence, the Company’s PPA is also being novated to CPPA-G.

‘The Agreements and the Novation Agreement require shareholders’ approval in general meeting to become effective’, the notification added.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 136,502.54
259.91M
1.64%
2202.77
ALLSHR 85,079.90
838.35M
1.26%
1061.74
KSE30 41,552.62
97.27M
1.81%
738.33
KMI30 193,330.76
84.69M
0.39%
741.60
KMIALLSHR 56,315.31
366.02M
0.43%
243.06
BKTi 38,498.08
37.91M
4.13%
1526.33
OGTi 28,138.38
5.66M
-0.36%
-101.89
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 121,255.00 123,615.00
118,675.00
2725.00
2.30%
BRENT CRUDE 70.23 71.53
70.10
-0.13
-0.18%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.25
0.26%
ROTTERDAM COAL MONTHLY 106.60 106.60
106.60
-2.10
-1.93%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.19 69.65
68.00
-0.26
-0.38%
SUGAR #11 WORLD 16.45 16.67
16.39
-0.12
-0.72%

Chart of the Day


Latest News
July 14, 2025 at 05:26 PM GMT+05:00

Gold price in Pakistan rises Rs1,600 per tola


July 14, 2025 at 04:59 PM GMT+05:00

Tax reforms focus on public ease, transparency


July 14, 2025 at 04:23 PM GMT+05:00

PSX Closing Bell: Another One Bites the High


July 14, 2025 at 04:06 PM GMT+05:00

PKR falls 25 paisa per USD



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg