Altern Energy Limited (PSX:ALTN) has initialled a “Termination Agreement” on 24 November 2025, to be executed in due course by the company, the President of Islamic Republic of Pakistan (GoP), and the Central Power Purchasing Agency Guarantee Limited (CPPA-G).

Pursuant to the Termination Agreement, the following instruments shall stand terminated with mutual consent of the relevant parties:
1- The Implementation Agreement (“IA”), executed with the GoP
2- The Guarnatee issued by the GoP.
3- The Power Purchase Agreement (“PPA”) executed with CPPA-G, and
4- The Gas Supply Agreement (“GSA”) executed with Sui Northern Gas Pipelines Limited (SNGPL)

The company has further informed that it will be foregoing the claim of Rs 40 Million pertaining to the RLNG differential pricing as part of the Termination Agreement.