The Board of Directors of Nishat Chunian Power Limited (PSX: NCPL) in their emergent meeting held on December 04, 2024, (Wednesday) approved the amendments to the Power Purchase Agreement, Implementation Agreement.
The board also agreed to revise the tariff as proposed by the Task Force constituted by the Prime Minister of Pakistan to convert the existing tariff to a ‘Hybrid Take and Pay’ model.
The Board approved to execute Amendment Agreement with the Government of the Islamic Republic of Pakistan (GOP) and the Central Power Purchasing Agency (Guarantee) Limited (CPPA) to implement the proposed amendments.
Some salient terms and conditions are as under:
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