Pakistan, Feb. 19 -- Nishat Chunian Power Limited (NCPL), an Independent Power Producer (IPP), has formally executed the Amendment Agreement reached with the government last year.

The IPP disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Tuesday.

"Further to our letter No. NCPL/PSX/10081-82 dated December 04, 2024, we would like to inform you that the company has formally executed the Amendment Agreement on the terms already disclosed to the PSX through above-referred letter," read the notice.

Last year in December, the Board of Directors (BoD) of NCPL approved the amendments to the Power Purchase Agreement, Implementation Agreement and to revise tariff as proposed by Task E constituted by the Prime Minist...