Annual general meeting of Japan Power Generation Limited to be held on October 26, 2016

Karachi, Japan Power Generation Limited informed Pakistan Stock Exchange that 22nd annual general meeting of the company is scheduled to be held on October 26, 2016 at Lahore.

The agenda of the meeting will be confirming the minutes of 21st annual general meeting held on October 27, 2015, to receive, consider and adopt the audited financial statements of the company for the financial year ended June 30, 2016 and to appoint auditors for the year ending June 30, 2017 and fix their remuneration.

Further, the closed period of the company is from October 19, 2016 to October 26, 2016 (both days inclusive).

Japan Power Generation Limited is a public limited company, incorporated on September 29, 1994 under the Companies Ordinance, 1984. The commercial operations of the company commenced from March 14, 2000. The principal business of the company is to generate and supply electric power to WAPDA. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located in Lahore.

The power plant of the company is also located in Lahore with an installed capacity of 135 MW. The company comprises of 24 diesel power generator sets of 5.65 MW each and is designed for operation using heavy furnace oil while startup and shutdown operations are on high speed diesel oil.

The company is pursuing the implementation of steam turbine project to generate electricity by recovering waste heat from exhaust of engines which will reduce fuel loss. The shipment of steam turbine has already reached the plant.

The symbol “JPGL” is being used by the stock exchange for the shares of Japan Power Generation Limited.