Dispatch of final dividend warrants of Nishat Power Limited

Karachi, Nishat Power Limited informed Karachi Stock Exchange that final dividend warrants @ Re 1 per share i.e. 10% for year ended June 30, 2014 have been dispatched to shareholders by registered post on November 15, 2014. Nishat Power Limited is a public limited company incorporated in Pakistan in February 2007 under the Companies Ordinance, 1984. It is a subsidiary company of Nishat Mills Limited. The principal activity of the company is to build, own, operate and maintain a fuel fired power station having gross capacity of 200 MW ISO in Jamber Kalan, Tehsil Pattoki, District Kasur, Punjab, Pakistan. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges in Pakistan. The registered office of the company is located in Lahore. The company has a Power Purchase Agreement with its sole customer, National Transmission and Dispatch Company Limited for twenty five years which commenced from June 09, 2010. The symbol “NPL” is being used by the stock exchanges for the shares of Nishat Power Limited.

Nishat Power Limited’s material information

Karachi, July 01, 2013 (PPI-OT): In connection with the Listing Regulation under the Code of Corporate Governance, we are pleased to convey the following information: We have to inform you that the Company has received overdue receivables amounting to PKR 7.080 billion from Central Power Purchasing Agency (CPPA). Further we would like to clarify that […]