Altern Energy Limited exits core power agreements

MG News | May 04, 2026 at 11:20 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

May 04, 2026 (MLN): Altern Energy Limited (PSX:ALTN) has signed Termination Agreements with the Government of Pakistan and key state entities, bringing a formal close to several foundational contracts underpinning its power operations.

On April 30, 2026, AEL executed a Termination Agreement with the Islamic Republic of Pakistan and the Central Power Purchasing Agency (Guarantee) Limited (CPPA-G), under which three key instruments have been dissolved, the Implementation Agreement with the Government of Pakistan, the Government-issued Guarantee, and the Power Purchase Agreement (PPA) executed with CPPA-G.

On the same date, AEL also signed a separate Termination Agreement with Sui Northern Gas Pipelines Limited (SNGPL), effectively ending the Gas Supply Agreement that had been in place between the two parties.

The disclosures were made to the Pakistan Stock Exchange on May 4, 2026, in continuation of earlier material information submissions filed in March and November 2025.

Copyright Mettis Link News

Related News

Altern Energy loses NEPRA license, board eyes plant disposal

How much is Altern Energy forgoing while terminating key power, gas agreements?

Name	Price/Vol	%Chg/NChg
KSE100	167,089.28 109.91M	-0.21% -352.63
ALLSHR	101,117.40 308.32M	-0.15% -155.10
KSE30	49,841.71 50.59M	-0.28% -142.15
KMI30	240,372.43 78.75M	-0.02% -45.72
KMIALLSHR	65,518.16 188.07M	-0.05% -35.70
BKTi	46,228.77 7.60M	-0.60% -281.04
OGTi	33,974.66 4.20M	-0.27% -91.31

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	83,765.00	84,320.00 82,645.00	1295.00 1.57%
BRENT CRUDE	105.33	105.43 104.70	0.61 0.58%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	1.00 0.78%
ROTTERDAM COAL MONTHLY	143.40	0.00 0.00	-0.70 -0.49%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	92.42	92.43 91.71	0.57 0.62%
SUGAR #11 WORLD	20.27	20.44 20.09	0.12 0.60%