Nishat Power calls meeting to finalize Hybrid Take-and-Pay model

MG News | December 02, 2024 at 03:07 PM GMT+05:00

0:00

December 02, 2024 (MLN): The Directors of Nishat Power Limited (PSX: RPPL) have called an emergency board meeting to discuss proposed amendments to certain critical power contracts.

According to the company’s notice to PSX, the discussions involve the Power Purchase Agreement, Implementation Agreement, and other related contracts, in light of ongoing talks between the Government of Pakistan, its entities, and certain IPPs, including RPPL.

The meeting aims to seek the approval of the Board of Directors for the implementation of a Hybrid Take-and-Pay model.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	161,281.77 321.60M	-0.93% -1521.39
ALLSHR	97,970.36 897.81M	-0.89% -882.05
KSE30	48,994.96 132.16M	-1.02% -502.39
KMI30	231,448.14 91.20M	-1.31% -3070.88
KMIALLSHR	63,889.05 388.38M	-0.96% -621.10
BKTi	45,037.73 48.43M	-1.45% -662.00
OGTi	31,025.58 8.22M	-1.53% -480.71

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	99,725.00	102,040.00 99,315.00	-1305.00 -1.29%
BRENT CRUDE	64.03	64.24 63.90	-0.41 -0.64%
RICHARDS BAY COAL MONTHLY	87.00	87.00 86.50	1.30 1.52%
ROTTERDAM COAL MONTHLY	97.30	97.75 97.10	1.05 1.09%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	60.12	60.45 60.01	-0.44 -0.73%
SUGAR #11 WORLD	14.21	14.72 14.13	-0.44 -3.00%