Pakgen Power executes agreement to terminate contracts

MG News | February 18, 2025 at 10:51 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

February 18, 2025 (MLN): Pakgen Power Limited (PSX: PKGP) has formally executed a Negotiated Settlement Agreement to terminate its Power Purchase Agreement, Implementation Agreement, and Guarantee, following the approval of shareholders during the company’s Extraordinary General Meeting on January 27, 2025.

The aforementioned information was disseminated through a notification to Exchange.

PKGP was incorporated in Pakistan on 22 June 1995 under the repealed Companies Ordinance, 1984 (now Companies Act, 2017).

The principal activities of the Company are to own, operate and maintain a fuel fired power station having gross capacity of 365 MW in Mehmood Kot, Muzaffargarh, Punjab, Pakistan.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	163,753.89 80.71M	0.53% 857.21
ALLSHR	98,932.26 178.46M	0.49% 482.57
KSE30	48,933.41 50.68M	0.51% 245.94
KMI30	235,329.04 47.37M	0.63% 1479.73
KMIALLSHR	64,470.00 93.89M	0.66% 421.91
BKTi	44,531.16 15.08M	0.42% 184.10
OGTi	34,790.41 3.48M	1.07% 367.46

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,430.00	77,475.00 76,465.00	595.00 0.77%
BRENT CRUDE	109.91	111.49 109.77	-1.37 -1.23%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-7.75 -6.58%
ROTTERDAM COAL MONTHLY	111.50	111.50 111.50	0.90 0.81%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	102.86	104.45 102.65	-1.29 -1.24%
SUGAR #11 WORLD	15.04	15.13 14.69	0.31 2.10%