Altern Energy Limited
PPSX:ALTN6.53
PKR
-0.07
(-1.06%)
ISIN
PK0077001011
Return %
Stock
S&P 500
1Y
-51.52
14.20
3Y
-59.16
81.12
5Y
-70.25
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- Umer Shehzad Sheikh
- Full Time Employees
- 8
- Sector
- Utilities
- Industry
- Electric utilities
- Address
- Lahore Pakistan
- IPO Date
- Sep 24, 1997
- Similar Companies
- Business
- Altern Energy Limited is an independent power producer and energy investment holding company headquartered in Lahore, Pakistan. Founded in 1995, the company specializes in the generation, distribution, and wholesale supply of electric power to the national electrical grid and institutional off-takers across Pakistan. The company owns and operates a natural gas-fired thermal power generation facility with an installed capacity of approximately 32 megawatts situated near Fateh Jang in the Attock District of Punjab. In addition, through its primary subsidiary, Rousch (Pakistan) Power Limited, in which it holds a controlling equity stake, the company has historically managed large-scale power infrastructure encompassing a 450-megawatt gross capacity combined-cycle gas turbine power plant located near Sidhnai Barrage in Khanewal, Punjab. The company's principal products, services, and operational capabilities encompass: wholesale electric power generation and grid-level electricity supply delivered to the Central Power Purchasing Agency (Guarantee) Limited; thermal power plant operations, maintenance, and monitoring services; natural gas and dual-fuel power generation solutions; energy facility asset management; and strategic investment holding activities across power generation assets, industrial energy projects, and renewable utilities. In recent developments, Altern Energy Limited has navigated significant structural and strategic shifts amid nationwide power sector reforms in Pakistan. The company's principal operating subsidiary, Rousch (Pakistan) Power Limited, entered into a negotiated early termination and settlement agreement with the Government of Pakistan and CPPA-G concerning its long-term Power Purchase Agreement, facilitating an orderly asset transfer and settlement of outstanding dues to reduce capacity payment pressures on the national grid. In response to these sector-wide dynamics, Altern Energy Limited is repositioning its core strategic focus toward portfolio diversification and clean energy expansion, actively pursuing opportunities in commercial and industrial rooftop solar photovoltaic installations, distributed generation, captive power systems, and strategic energy asset management.