Karachi: Altern Energy Limited (AEL) has officially terminated several pivotal agreements with the Islamic Republic of Pakistan and its associated agencies, a move disclosed through a formal announcement dated May 4, 2026. This development was communicated in accordance with Section 96 and Section 131 of the Securities Act, 2015, and Clause 5.6.1 of the PSX Regulations.

According to the company’s disclosure, a “Termination Agreement” was signed on April 30, 2026, between AEL, the Government of Pakistan (GOP), and the Central Power Purchasing Agency (Guarantee) Limited (CPPAG). This agreement effectively nullifies several key instruments, including the Implementation Agreement executed with the GOP, the Guarantee issued by the Government, and the Power Purchase Agreement with CPPAG.

Additionally, AEL reached a similar termination accord with Sui Northern Gas Pipelines Limited (SNGPL) on the same date, resulting in the cessation of the Gas Supply Agreement between the two entities.

According to information available from the Pakistan Stock Exchange (PSX), these terminations are significant for AEL, potentially influencing future operations and partnerships. Stakeholders are advised to consider these changes in their evaluations of the company’s market position.

The company has requested that the Pakistan Stock Exchange disseminate this material information to its members to ensure transparency and compliance.

These terminations mark a substantial shift in AEL’s contractual landscape, reflecting broader implications for its strategic direction in the energy sector within the designated market category.