External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Thematic (Sector/Industry)

Pakistan Energy equipment and services / Thematic (Sector/Industry)

<ul>
<li>Reportedly, Government of Pakistan is planning to enter into agreement with 5 power producers in Pakistan for premature termination of their Power Purchase Agreement (PPA). This includes 2 listed names, i.e. base power plant for Hub Power (HUBC), and Lalpir Power Limited (LPL), and 1 indirect listed name, Roush Power (through Altern Energy), and 2 unlisted players, Saba Power and Atlas Power.</li>
<li>Based on the news reports, 4 of the above are set to sign agreement with the Governments, while 1 (HUBC) is expected to sign it soon.</li>
<li>The objective behind early termination of these plants is to avoid any further capacity payments to the producers, thus taking one step ahead out of many to reduce power cost in the country. This step may result in benefit of Rs0.6/Kwh, as per news.</li>
</ul>
<p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>


Reportedly, Government of Pakistan is planning to enter into agreement with 5 power producers in Pakistan for premature termination of their Power Purchase Agreement (PPA). This includes 2 listed names, i.e. base power plant for Hub Power (HUBC), and Lalpir Power Limited (LPL), and 1 indirect listed name, Roush Power (through Altern Energy), and 2 unlisted players, Saba Power and Atlas Power.
Based on the news reports, 4 of the above are set to sign agreement with the Governments, while 1 (HUBC) is expected to sign it soon.
The objective behind early termination of these plants is to avoid any further capacity payments to the producers, thus taking one step ahead out of many to reduce power cost in the country. This step may result in benefit of Rs0.6/Kwh, as per news.

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pakistan IPPs: IPPs agreement revision/termination; Payouts to be impacted