Altern Energy loses NEPRA license, board eyes plant disposal

Mettis Global reported that NEPRA has cancelled the generation licence of Altern Energy Limited (PSX: ALTN), with the cancellation taking effect from August 28, 2026. The regulator acted on an application the company itself lodged on June 10, 2026. The development was disclosed to the stock exchange in a notification.

Because its agreements have ended, Altern Energy can no longer produce and sell electricity to Central Power Generation Agency (Guarantee) Limited. As a result, its generation equipment is now surplus to its needs. The board has therefore told management to examine proposals for disposing of the plant and machinery.

The notification therefore signals a shift away from power generation, with the focus moving to the sale of the company's plant and machinery.