Sunday, October 13, 2024
spot_img
HomeBusinessTHE HUB POWER COMPANY LIMITED SIGNS NEGOTIATED SETTLEMENT AGREEMENT IN NATIONAL INTEREST

THE HUB POWER COMPANY LIMITED SIGNS NEGOTIATED SETTLEMENT AGREEMENT IN NATIONAL INTEREST

Karachi: The Hub Power Company Limited (THPCL) ne Prime Minister’s Office ke task force ki darkhwast par ek Negotiated Settlement Agreement par dastakhat kiye hain. Yeh agreement company ke 1292 MW power generation project, jo Mouza Kund, Post Office Gaddani, District Lasbella, Baluchistan mein waqiy hai, ke liye hai. Yeh project 1996 mein Commercial Operation Date (COD) hasil kar chuka hai.

Yeh agreement is liye ahmiyat rakhta hai kyun ke is project ke liye relevant agreements jo March 2027 mein khatam hone wale the, unki accelerated expiry ko October 1, 2024 tak laya gaya hai. Agreement ke mutabiq, Government of Pakistan (GOP) aur Central Power Purchasing Agency Guaranteed (CPPAG) ne company ke outstanding receivables ko October 1, 2024 tak settle karne ka faisla kiya hai.

Company ke Board ne settlement ke terms ko manzoor karte hue iske liye ek definitive agreement ki dastakhat ki ijaazat di hai.

- Advertisment -spot_imgspot_imgspot_imgspot_img

Most Popular

×