Japan Power Generation Limited’s approves budget for the 1st quarter
Karachi: We have to inform you that the Board of Directors of our Company in their meeting held Wednesday, June 22, 2011 at 12:30 PM at registered office/plant located at Jia Bagga off Raiwind Road Lahore to recommended/approve the following:
1. Cash Dividend Nil%
2. Bonus Shares Nil%
3. Right Shares Nil%
4. Approve budget for the 1st quarter and defer the remaining quarters for next BOD meetings.
5. Defer the incentive compensation of Ex-CEO.
6. Approve the Steam Turbine contract subject to technical evaluation/certification of the condition and useful life of the turbine as Well as legal opinion from Lawyer.
7. Give go ahead for reopening of Tariff with NEPRA.
For more information, contact:
Zain ul Abidin
Japan Power Generation Limited
Jia Bagga, Raiwind Road,
Tel: +9242 35835864–6
Fax: +9242 35835860