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Independent power producer Rousch hands over complex

41 6
22.01.2025

KARACHI/ISLAMABAD: Rousch Pakistan Power Ltd (RPRL), an independent power producer (IPP), has handed over its complex to the designated government entity after receiving all the agreed dues from the Central Power Purchasing Agency (CPPA).

Altern Energy Ltd (AEL), the parent company of RPPL, in a stock filing on Monday said the subsidiary, as per terms of its Negotiated Settlement Agreement (NSA), has terminated its Power Purchase Agreement (PPA) with the CPPA.

As per terms of the NSA, RPPL has received all the agreed amounts from CPPA and has handed over the complex to National Power Parks Management Company Ltd on Dec 31, 2024, the notice said.

In November 2024,........

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