Altern Energy Limited (AEL) has announced the termination of several significant agreements linked to its power generation operations, marking a major development for the company and its stakeholders.
In a material information disclosure submitted to the Pakistan Stock Exchange (PSX), Altern Energy Limited informed investors that it signed a Termination Agreement on April 30, 2026, with the Islamic Republic of Pakistan, the Government of Pakistan (GoP), and the Central Power Purchasing Agency (Guarantee) Limited (CPPA-G).
Under the agreement, three major instruments have been terminated: the Implementation Agreement (IA) executed with the Government of Pakistan, the sovereign guarantee issued by the Government, and the Power Purchase Agreement (PPA) signed with CPPA-G. These agreements formed the contractual framework governing the company’s power generation and electricity sales arrangements.
In a separate development, AEL also entered into a Termination Agreement with Sui Northern Gas Pipelines Limited (SNGPL) on April 30, 2026. As a result, the Gas Supply Agreement between AEL and SNGPL has also been terminated.
The company disclosed that these actions are in continuation of earlier material information notices previously submitted to the PSX. The termination of the agreements appears to be part of a broader settlement and restructuring process affecting independent power producers (IPPs) in Pakistan.
AEL has requested the Pakistan Stock Exchange to disseminate the information to market participants, ensuring transparency and compliance with regulatory disclosure requirements. Investors are expected to closely monitor the financial and operational implications of these terminations on the company’s future business strategy and revenue outlook.
