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Another IPP signs amended agreement with govt

Daily Times April 21, 2021 Independent Power Producer (IPP) PakGen Power Limited and the Central Power Purchasing Agency (Guarantee) Limited have signed the “PPA Amendment Agreement”. The government and around two-dozen IPPs are said to have initialled the agreements. PakGen Power Limited, a public listed company, informed this to Pakistan Stock Exchange (PSX) on Tuesday. According to the notice issued to the PSX, the terms of the PPA amendment agreement are given below: minimum load of the complex has been increased from 21 percent to 50 percent of the total capacity of the complex. Different arbitration disputes have been resolved through the signing of this settlement consisting of the following points: (i) the company has waived off interest on interest and in return would get payments based on First In First Out (FIFO) principle; (ii) the shutdown period of the complex on account of non-availability of fuel has been treated as Other Force Majeure Event under the Power P

07Apr2021 Pre-Market Commentary: Wall Street Struggles For Direction Ahead Of Fed Minutes, DOW Down 34 Points, Nasdaq Down 0 1%, Silver Below 25 00, Bitcoin Sinks To 56300

U.S. trade deficit widens 4.8% to record $71.1 billion and gold down 0.4% at $1,735.90/oz (SPY -0.2%). Biggest premarket movers: Beyond Meat, Nokia, Li Auto. Here is the current market situation from CNN Money European markets are mixed. The DAX is higher by 0.06%, while the CAC 40 is leading the FTSE 100 lower. They are down 0.43% and 0.07% respectively. What Is Moving the Markets Here are the headlines moving the markets. UAE Presents Phenomenal Plan To Boost Its Position As Oil Hub Three key developments were announced last week by the UAE in line with its role as a principal member of the U.S.s new Middle East strategy to counter Chinas dramatically increasing influence over the region: plans for a major economic expansion; plans to attract more oil trade into new contracts; and plans to counter Iranian threats to oil supplies through the Strait of Hormuz. The first of these developments - announced by UAE Vice President and Prime Minister, Sheikh Mohammed bin Rashid Al

Qatar Looks To Dominate This Very-Fast Growing Gas Market

Premium Content Qatar Looks To Dominate This Very-Fast Growing Gas Market By Viktor Katona - Apr 06, 2021, 3:00 PM CDT Qatar Petroleum found itself in the limelight of the LNG scene in 2021, having clinched two major deals with Pakistan and China. All the while media buzz around the supply deal with Sinopec has created ripples in the news, the contract with the Pakistan State Oil Company (PSOC) was absorbed by the media community as if that were the natural state of things. The Qatar Petroleum-PSOC deal is in many ways logical – the two sides already had a 15-year supply deal, as a consequence of which Qatar has catapulted itself into the position of leading LNG supplier to Pakistan throughout the past 5 years. Rendering Pakistan’s LNG imports cheaper, at the same time guaranteeing Qatar’s prime role on the Pakistani market, the QP-PSOC deal fully reflects both sides’ preferences.

06Apr2021 Market Close: Hedge Funds Capitalized On Oil Price Pullback, WTI Settles At 59 38, DOW Closes Down 97 Points, Nasdaq Flat -0 05%, Bitcoin Steady At 58200

06Apr2021 Market Close: Hedge Funds Capitalized On Oil Price Pullback, WTI Settles At 59 38, DOW Closes Down 97 Points, Nasdaq Flat -0 05%, Bitcoin Steady At 58200
econintersect.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from econintersect.com Daily Mail and Mail on Sunday newspapers.

Pakistan demand attracts suitors

Pakistan demand attracts suitors
pemedianetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pemedianetwork.com Daily Mail and Mail on Sunday newspapers.

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