ALTERN ENERGY LTD

What ALTERN ENERGY LTD does

Altern Energy Limited is a Pakistan-based, publicly listed power generation company that operates a single 32 MW gross-capacity thermal power plant and supplies all of its output to WAPDA (the Water and Power Development Authority of Pakistan), the country's government-owned utility, under a long-term Power Purchase Agreement regulated by NEPRA. The company was incorporated on 17 January 1995 and commenced commercial operations on 6 June 2001; it is headquartered in Lahore and operates as a subsidiary of Descon Engineering Limited, a larger diversified engineering group that provides corporate oversight and operational integration. The plant delivers electricity directly to the national grid, and the company categorizes its operations across four service areas: Power Generation, Grid Supply, Operational Excellence, and Renewable Energy Solutions — though only the thermal generation and grid supply functions are confirmed as revenue-producing.

The business model is a single-counterparty, contracted-revenue model: Altern Energy generates electricity and sells it to WAPDA at tariffs set and revised by NEPRA, with revenue mechanics governed by the PPA's capacity and energy payment components. The go-to-market is enterprise-level and relationship-driven — there is no consumer-facing distribution, and the customer set is effectively a single government utility. Pricing is not publicly disclosed and is fully dependent on the regulatory framework. The company is publicly listed on the Pakistan Stock Exchange, which subjects it to public-company disclosure and governance standards, and it maintains a small workforce (11–50 employees) consistent with a single-asset IPP operating model. Reported financial metrics show a steep revenue and EBITDA decline from 2022 through 2025, with net income turning materially negative in the most recent year, indicating significant operational or tariff-related pressure on the business despite the contracted-revenue structure.

Name

ALTERN ENERGY LTD

Legal name

Altern Energy Limited

Website

https://alternenergypk.com

Company type

Public

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

Altern Energy Limited is a Pakistan-based, publicly listed thermal power generator operating a 32 MW plant that supplies 100% of its electricity output to government utility WAPDA under a long-term regulated power purchase agreement.

Ownership category

akta.pro rank

Product category

Power Generation

NAICS

Fossil Fuel Electric Power Generation (221112)

SIC

Engines & Turbines (3510), Motors & Generators (3621)

akta.pro primary industry

Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF)

akta.pro secondary industry

High-Voltage Electrical Systems (Switchgear, Transformers, Protection & Control) (EUAEAFAA)

Keywords

• Thermal power generation
• Electricity supply services
• Grid power supply
• Power purchase agreements
• Utility-scale generation

Headquarters

HQ city

Lahore

HQ country

Pakistan

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Others

Revenue model

1. Electricity Generation and Supply: Altern Energy Limited generates electricity through its 32 MW thermal power plant and supplies power directly to WAPDA (Water and Power Development Authority of Pakistan) under power purchase agreements. Revenue is derived from long-term government contracts for electricity generation and supply.

Go-to-market motion1 record

Distribution channels1 record

Core offering

Altern Energy Limited operates a 32 MW gross capacity thermal power plant that generates and supplies electric power directly to Pakistan's Water and Power Development Authority (WAPDA) under long-term power purchase agreements. Incorporated in 1995 with commercial operations commencing on 6 June 2001, the company supplies dependable baseload electricity to the national grid and indicates commitment to renewable energy solutions.

Product overview

Altern Energy Limited operates as a power generation company with a single unified core offering: a 32 MW thermal power plant that generates and supplies electricity directly to WAPDA (Water and Power Development Authority of Pakistan). The company also indicates commitment to Renewable Energy Solutions as part of its portfolio. The operations are delivered through four key service areas: Power Generation (the thermal plant), Grid Supply, Operational Excellence, and Renewable Energy Solutions. The company is a subsidiary of Descon Engineering Limited and is listed on the Pakistan Stock Exchange.

Differentiator

Problem solved

Functional benefit

Products and services

• Thermal Power Generation Operation of a 32 MW gross capacity thermal power plant delivering consistent and dependable electricity to the national grid for supply to WAPDA.
• Grid Supply to WAPDA Direct supply of generated electricity to the Water and Power Development Authority of Pakistan (WAPDA), supporting national energy stability and infrastructure through power purchase agreements.
• Renewable Energy Solutions Commitment to efficient and responsible energy generation through proven operational practices, representing the company's stated expansion direction into renewable energy offerings.

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Descon Engineering LimitedcoreStrategic or Co-development PartnerAltern Energy Limited operates as a subsidiary of Descon Engineering Limited. Descon Engineering Limited is the parent company providing corporate oversight and strategic direction. The subsidiary relationship provides operational support and integration within the broader Descon group of companies.

Scale indicators2 records

Recent moves3 records

Expansion highlights2 records

Market position

Strengths3 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ALTERN ENERGY LTD