Kapco Agreement Renewal

In addition, as part of the MoU, the Parties/GoP will examine the possibility of extending/renewing the Company`s Electricity Acceptance Contract beyond 26 June 2021, under terms to be mutually agreed, bearing in mind the commercial and technical viability of the Company`s power plant. and the electricity buyer and GoP develop a mechanism for the payment of outstanding receivables within the agreed timeframe, which is reflected in the final agreement to be signed; The electricity buyer ensures compliance with its contractual obligations and GoP and the electricity buyer endeavor to settle the arbitration. However, nothing in the MoU affects positions and claims in the ongoing arbitration proceedings between the Company and the Electricity Buyer. What is the conclusion?. One should keep De Kapco shares for perhaps beyond 2021 or sell them for Rs 24. Please give an expert opinion. The terms of the declaration of intent are subject to the agreement of the Federal Cabinet and the Board of Directors of the company, according to which the negotiating committee and the company must agree and document the details and procedures of the agreements as well as the specific problems of the company within an agreed period after they will be submitted to the relevant counterparties. followed by a legal file modifying the relevant tariffs and agreements. In addition, the conditions of the moO are subject to the necessary business authorizations. The incumbent government of #pti, bound by #pmik, must meet the expiration deadline that lies before one of the largest ipps, namely Kapco, n wapda, including the Ministry of Energy, takes no action if the Coy has already requested a one-year extension of the license for mkrd. . .

.