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Daily Times April 21, 2021 Independent Power Producer (IPP) PakGen Power Limited and the Central Power Purchasing Agency (Guarantee) Limited have signed the “PPA Amendment Agreement”. The government and around two-dozen IPPs are said to have initialled the agreements. PakGen Power Limited, a public listed company, informed this to Pakistan Stock Exchange (PSX) on Tuesday. According to the notice issued to the PSX, the terms of the PPA amendment agreement are given below: minimum load of the complex has been increased from 21 percent to 50 percent of the total capacity of the complex. Different arbitration disputes have been resolved through the signing of this settlement consisting of the following points: (i) the company has waived off interest on interest and in return would get payments based on First In First Out (FIFO) principle; (ii) the shutdown period of the complex on account of non-availability of fuel has been treated as Other Force Majeure Event under the Power P

Pakistan stock exchangeCentral power purchasing agency guaranteePakgen powerPakistan state oil companyOther force majeure eventIndependent power producerPakgen power limitedCentral power purchasing agencyGen power limitedFirst in outPower purchase agreementLiquidated damagesபாக்கிஸ்தான் ஸ்டாக் பரிமாற்றம்பாக்கிஸ்தான் நிலை எண்ணெய் நிறுவனம்சுயாதீனமான பவர் ப்ரொட்யூஸர்முதல் இல் ஔட்