Lahore: Nishat Chunian Power Limited has announced the receipt of outstanding payments from the Central Power Purchasing Agency (Guarantee) Limited (CPPA), marking a significant financial development for the company. This update was disclosed in a statement issued by the company, citing the Amendment Agreement executed with the Government of the Islamic Republic of Pakistan and the CPPA.

The announcement, dated March 28, 2025, detailed that the payment was in line with the terms agreed upon in the Amendment Agreement. This follows previous announcements made by the company on December 4, 2024, and February 18, 2025, regarding the financial arrangements and commitments between the involved parties.

The company is listed on the Pakistan Stock Exchange, and the news was disseminated to TRE Certificate Holders of the Exchange. According to information available from the Pakistan Stock Exchange (PSX), such transactions are critical for maintaining financial stability and operational continuity within the power sector.

Nishat Chunian Power Limited operates within the designated market category of energy and utilities, and this payment resolution is expected to impact its financial statements positively. The company’s adherence to the provisions stipulated in Section 96 of the Securities Act, 2015, and Clause 5.6.1(a) of the PSX Regulations ensures compliance with regulatory standards.

The financial settlement between Nishat Chunian Power Limited and the CPPA underscores the importance of structured agreements in addressing outstanding receivables, contributing to the company’s fiscal health and its ability to meet future operational demands.