Altern Energy Limited held a corporate briefing session detailing its operational challenges and strategic plans following the termination of key agreements.
- The session was presented by CEO Umer Shehzad Sheikh on November 18, 2026.
- Key issues highlighted include reduced dispatch demand from the off-taker, CPPA-G, and the company's low position on the economic dispatch merit order.
- The company reported a gross loss of PKR 100,084K for 2026, compared to a loss of PKR 96,393K in 2025.
- Significant operational income decline attributed to the influx of new power plants and increased RLNG prices.
- In 2024, the subsidiary Rousch terminated its Power Purchase Agreement and related contracts, effective October 1, 2024.
- The company plans to optimize costs through workforce rationalization and reduced operating expenses.
- Shareholders authorized the Board to sell plant and machinery, with disposal expected between November 2026 and May 2027.
- Future strategies will focus on evaluating investment opportunities post-disposal.