Kohinoor Energy's board approves incorporation of subsidiary

MG News | May 09, 2024 at 03:20 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

May 09, 2024 (MLN): The Board of Directors of Kohinoor Energy Limited (PSX: KOHE) has given its approval for the incorporation of a wholly-owned subsidiary Private Limited Company, subject to obtaining all applicable regulatory approvals.

The company disseminated this information through a notice issued to the Pakistan Stock Exchange (PSX) today.

It is crucial to note the principal activities of KOHE are to own, operate and maintain a power plant in Lahore and to sell the electricity produced therefrom to a sole customer, the Pakistan Water and Power Development Authority (WAPDA) under a Power Purchase Agreement (PPA).

Likewise, the subsidiary will also be primarily engaged in the business of PPA-based Solar Power Plants.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	169,969.33 217.01M	0.22% 368.92
ALLSHR	102,892.63 587.53M	0.20% 206.37
KSE30	50,644.26 54.31M	0.37% 187.28
KMI30	243,608.50 54.80M	0.29% 708.93
KMIALLSHR	66,655.71 317.82M	0.13% 87.67
BKTi	47,135.99 14.01M	0.54% 251.49
OGTi	34,716.38 4.43M	-0.08% -29.36

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	84,280.00	86,090.00 83,220.00	340.00 0.41%
BRENT CRUDE	98.43	99.30 95.12	2.27 2.36%
RICHARDS BAY COAL MONTHLY	128.50	128.50 128.50	5.00 4.05%
ROTTERDAM COAL MONTHLY	142.95	142.95 137.95	5.65 4.12%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	90.92	91.96 88.58	1.54 1.72%
SUGAR #11 WORLD	18.62	19.12 18.53	-0.22 -1.17%