Status of the Company

The plant has been shut down since October 2012 due to disputes with WAPDA. After exhausting the expert mediation process which was decided in favour of the Company but disputed by WAPDA, the only option left to the Company was to opt for international arbitration. The final award of the Arbitration Tribunal, largely upholding the Company’s position, was announced on May 19, 2014; however, this ruling has also been challenged by WAPDA in the local lower courts. Notwithstanding the above, the Company remains engaged with WAPDA, the Ministry of Water & Power and NEPRA to resolve all disputes and to work out options to re-start plant operations. The plant is being fully maintained and is in fit condition for immediate start-up.