KAPCO gets Rs59.4bn from power purchaser

MG News | November 30, 2021 at 09:34 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

November 30, 2021 (MLN): Kot Addu Power Company Limited (KAPCO) on November 29, 2021, has received Rs59.401 billion from the power purchaser in the form of one-third cash, one-third government Ijara Sukuk, and one-third Pakistan Investment Bonds (PIBs), the company filing on PSX said on Tuesday.

This constitutes the second installment of 60% of receivables at the cut-off date of November 30, 2020, the notice added.

On November 24, the federal cabinet had approved the second tranche payment amounting to Rs134.783bn to the independent power producers (IPPs) as per the payment mechanism.

To recall, the company had obtained the first tranche of Rs39.602bn from the power purchaser on June 7, 2021.

Copyright Mettis Link News

Related News

Weekly Market Roundup

PSX in September

Treet Corporation FY26 profit jumps 40% to Rs779m

Name	Price/Vol	%Chg/NChg
KSE100	168,155.49 146.93M	-0.29% -481.36
ALLSHR	101,821.25 491.54M	-0.27% -275.83
KSE30	50,151.61 66.23M	-0.22% -111.06
KMI30	240,694.06 56.00M	-0.34% -821.69
KMIALLSHR	65,906.19 236.46M	-0.35% -230.83
BKTi	46,796.32 10.20M	-0.20% -94.16
OGTi	34,362.14 4.89M	0.39% 134.82

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	84,850.00	85,075.00 84,680.00	260.00 0.31%
BRENT CRUDE	102.61	103.04 98.40	0.30 0.29%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	0.50 0.39%
ROTTERDAM COAL MONTHLY	140.00	143.25 140.00	-3.90 -2.71%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	91.26	93.51 88.06	-1.61 -1.73%
SUGAR #11 WORLD	19.91	19.96 18.93	0.97 5.12%