Altern Energy Limited informed Pakistan Stock Exchange that in response to the Private Power & Infrastructure Board's Letter No. 1(102)PPIB-A001/20/MD/0-54408 dated April 13, 2020 relating to a Committee formed by the Government to discuss tariff related issues, the Board of Directors of the Company in its meeting dated April 27, 2020 has authorized management to proceed for contractual negotiations with the Government.

The announcement is available at:

https://dps.psx.com.pk/download/document/146697.pdf

Altern Energy Limited is a company incorporated in Pakistan on January 17, 1995. The foundations of the company are laid under the Companies Ordinance, 1984. The commercial operations of the company commenced with effect from June 6, 2001. The principal objective of the company is to generate and supply electric power to water and Power Development Authority of Pakistan from its thermal power plant having a gross capacity of 32 Mega Watt. The stocks of the company are quoted on the Karachi stock Exchange of Pakistan. The registered office of the company is located in Lahore.

The symbol "ALTN" is being used by the stock exchanges for the shares of Altern Energy Limited.

© Pakistan Press International, source Asianet-Pakistan