Kohinoor Energy's board approves incorporation of subsidiary

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

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	170,447.30 475.39M	-0.17% -294.05
ALLSHR	102,982.88 1,173.30M	-0.19% -193.32
KSE30	51,831.63 203.62M	-0.19% -100.47
KMI30	244,113.60 135.80M	-0.60% -1472.20
KMIALLSHR	67,176.62 604.35M	-0.53% -355.23
BKTi	46,076.74 115.84M	0.89% 404.61
OGTi	33,962.36 11.67M	-1.09% -374.70

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	87,990.00	88,355.00 85,365.00	2005.00 2.33%
BRENT CRUDE	59.15	60.40 58.72	-1.41 -2.33%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	2.15 2.42%
ROTTERDAM COAL MONTHLY	95.75	0.00 0.00	-0.15 -0.16%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	55.51	56.70 54.98	-1.31 -2.31%
SUGAR #11 WORLD	14.85	15.07 14.78	-0.10 -0.67%