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

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

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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.

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