Altern Energy moves to end key agreements with GoP, CPPA-G

Altern Energy Limited (AEL), the parent company of Rousch (Pakistan) Power Limited (RPPL), has initiated a Termination Agreement (TA) with the Government of Pakistan (GoP) and the Central Power Purchasing Agency (Guarantee) Limited (CPPA-G), marking a key step toward formally ending existing agreements.

The listed company in its notice to the Pakistan Stock Exchange (PSX) on Wednesday said that the TA will be executed once all required approvals from the relevant authorities are secured.”

“We would like to inform the PSX that Altern Energy Limited (AEL) on November 24, 2025, initialled a TA, to be executed in due course by AEL, the President of the Islamic Republic of Pakistan (GoP) and the CPPA-G.

“The parties to the TA are required to procure necessary approvals to be able to execute and deliver the same at the earliest,” read the notice.

AEL shared that pursuant to the TA, the Implementation Agreement (IA) executed with the GoP, the Guarantee issued by the GoP, the Power Purchase Agreement (PPA) executed with CPPA-G, and the Gas Supply Agreement (GSA) executed with Sui Northern Gas Pipelines Limited shall stand terminated with the mutual consent of the relevant parties.

“AEL will be foregoing the claim of Rs40 million pertaining to RLNG differential pricing as a part of the TA,” it added.

Earlier in March, AEL submitted a request to the CPPA-G for early termination of the PPA.

Altern Energy Limited was incorporated in Pakistan as a listed public company limited by shares under the Companies Ordinance, 1984, now the Companies Act, 2017.

The principal activity of the company is to build, own, operate and maintain a gas-fired power plant. The company also holds direct and indirect investments in other companies engaged in the power sector.