Altern Energy Limited exits core power agreements
MG News | May 04, 2026 at 11:20 AM GMT+05:00
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.
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