Islamabad: Altern Energy Limited, a prominent player in Pakistan's energy sector, announced a significant development on September 2, 2026, following the revocation of its power generation license by the National Electric Power Regulatory Authority (NEPRA). This decision, effective from August 28, 2026, follows the company's application submitted on June 10, 2026, and has far-reaching implications for its operational capabilities.

According to information available from the Pakistan Stock Exchange (PSX), the cancellation of Generation License No. IGPL/021/2024 means Altern Energy Limited can no longer generate and sell electricity to the Central Power Generation Agency (Guarantee) Limited. This decision is a substantial setback for the company, which was previously involved in generating and supplying electricity within Pakistan's competitive energy market.

The termination of existing agreements has rendered the company's power generation equipment surplus to requirements. Consequently, the Board of Directors has instructed management to seek proposals for the disposal of the plant and machinery. This strategic move aims to mitigate losses and explore potential opportunities for the assets that have become redundant.

The disclosure of this material information aligns with Sections 96 and 131 of the Securities Act, 2015, and complies with Clause 5.6.1 of the PSX Regulations. Altern Energy Limited has previously communicated related developments through Material Information Notices, including letters dated March 24, 2025, November 26, 2025, and May 4, 2026.

As this situation unfolds, stakeholders in the designated market category are closely monitoring the company's next steps in response to this regulatory challenge.