The Board of Directors of Hub Power Company Limited (PSX: HUBC) is scheduled to meet tomorrow to deliberate on the proposed terms for the early termination of its contracts with the federal government. This announcement was made in a filing to the main bourse on Wednesday.

The Board will consider ending the Implementation Agreement, Power Purchase Agreement, Fuel Supply Agreement, and Guarantee ahead of their original expiration date in March 2027. This decision comes after discussions with a Task Force established under the Prime Minister’s Office and several Independent Power Producers (IPPs), including HUBC.

In compliance with Clause 5.6.4 of PSX Regulations, the company has declared a “Closed Period” from Wednesday, October 9, 2024, to Thursday, October 10, 2024. During this time, no Director, CEO, or Executive is permitted to engage in any transactions involving the company’s shares, either directly or indirectly.

This move reflects HUBC’s strategic considerations in light of ongoing negotiations and could have significant implications for its future operations and financial arrangements.