Shareholders of Rousch Power Ltd Approve Early Termination of Contract With Govt

Shareholders of Rousch (Pakistan) Power Limited (RPPL)] have approved the early termination of their Power Purchase Agreement (PPA) with the federal government. The shareholders have authorized the management to execute a Negotiated Settlement Agreement in this respect. Major terms of the Negotiated Settlement Agreement are as follows: Under the terms offered recently, RPPL will be paid its receivables by the off-taker, CPPA, and its Complex will be handed over to the Government as per the terms of the PPA.