KARACHI: With the government preparing to prematurely terminate key agreements this month, several independent power producers (IPPs) have called emergency board meetings to address the situation.
Hub Power Company Limited (Hubco) announced in a stock filing on Wednesday that its board of directors would hold an urgent meeting on Thursday to review the early termination terms of its implementation, power purchase, and fuel supply agreements, along with the associated guarantees. These agreements were originally set to expire in March 2027.
Lalpir Power Limited also notified the Pakistan Stock Exchange of a similar meeting to discuss early termination terms following negotiations between the government and various IPPs.
In other news, Big Bird Foods Ltd (BBFL) is expanding its product line, launching raw fish fillets and finger fish to tap into Pakistan’s growing seafood market, which has an annual demand exceeding 700,000 tonnes.
