Altern Energy loses NEPRA license, board eyes plant disposal
MG News | September 02, 2026 at 04:09 PM GMT+05:00
September 2, 2026 (MLN): NEPRA has cancelled the Generation License (No. IGPL/021/2024) of Altern Energy Limited (PSX: ALTN) with effect from August 28, 2026, in response to the company's application dated June 10, 2026.
Following the termination of its agreements, the company can
no longer generate and sell electricity to Central Power Generation Agency
(Guarantee) Limited.
As a result, the power generation equipment has become
surplus to requirements, and the Board of Directors has directed the management
to explore proposals for the disposal of the company's plant and machinery.
The aforementioned information was disseminated through a notification to
Exchange.
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