Altern Energy Limited (AEL) has announced it has initialled a Termination Agreement with the Government of Pakistan and the Central Power Purchasing Agency (CPPA-G), paving the way for the mutual termination of several major contracts, according to a notice sent to the Pakistan Stock Exchange (PSX).
The company disclosed that the agreement, signed on November 24, 2025, will be executed after all parties secure the necessary approvals. Once finalized, the Implementation Agreement with the government, the government-issued guarantee, the Power Purchase Agreement with CPPA-G, and the Gas Supply Agreement with Sui Northern Gas Pipelines Limited will all be terminated by mutual consent.
As part of the deal, AEL will also forgo a claim of Rs. 40 million related to RLNG differential pricing.
The move follows shareholder approval at an Extraordinary General Meeting held in April 2025 and is in line with earlier disclosures made to the PSX.
