KARACHI/ISLAMABAD: Rousch Pakistan Power Ltd (RPPL), an independent power producer, has handed over its power complex to the National Power Parks Management Company Ltd after finalizing payments with the Central Power Purchasing Agency (CPPA).
Altern Energy Ltd (AEL), RPPL’s parent company, confirmed the move in a stock filing, noting the early termination of its Power Purchase Agreement (PPA) as part of a Negotiated Settlement Agreement (NSA). The decision, approved in November 2024, marks the completion of RPPL’s contractual obligations and formalizes the transition as of December 31, 2024.
