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  5. Altern Energy Limited
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    ALTN   PK0077001011

ALTERN ENERGY LIMITED

(ALTN)
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SummaryChartsNewsCompanyFinancials 
Business Summary
Altern Energy Limited is a Pakistan-based company, which owns, operates and maintains a 32-megawatt gas-based thermal power plant located near Fateh Jang, district Attock, Punjab in Pakistan. The Company sells the electrical energy produced to Water and Power Development Authority (WAPDA) under long term Power Purchase Agreement (PPA). The Company's subsidiaries include Power Management Company (Private) Limited (PMCL) and Rousch (Pakistan) Power Limited. The Company is a subsidiary of Descon Engineering Limited.

Number of employees : 26 people.
Sales per Business
2021
Capacity7 442.5060%
Energy3 718.1330%
Delayed Payment Markup1 252.1510.1%
PKR in Million
Sales per region
20202021Delta
Pakistan10 430.60100%12 410.20100% +18.98%
PKR in Million
Managers
Name Title Age Since
Umer Shehzad Sheikh Chief Executive Officer & Executive Director - 2019
Muhammad Nadeem Farooq Chief Financial Officer - -
Syed Rizwan Ali Shah Independent Director - -
Salman Ali Secretary - -
Noor Shujah Head-Internal Audit - -
Members of the board
Name Title Age Since
Taimur Dawood Chairman - -
Shah Muhammad Chaudhry Non-Executive Director 71 -
Umer Shehzad Sheikh Chief Executive Officer & Executive Director - 2019
Farooq Nazir Non-Executive Director - -
Syed Rizwan Ali Shah Independent Director - -
Faisal Dawood Non-Executive Director - -
Salih Merghani Non-Executive Director - 2019
Mehreen Dawood Non-Executive Director - -
Equities
Vote QuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 363,380,000 15,275,498 4.2% 0 0.0% 4.2%
Shareholders
NameEquities%
Del Power Pvt Ltd. 211,397,063 58.2%
Crescent Steel and Allied Products Limited 63,967,500 17.6%
Saudi Arabian Construction & Repair Co. Ltd. 61,968,939 17.1%
Soneri Bank Limited 5,789,500 1.59%
Fazal Holdings Pvt Ltd. 1,145,000 0.32%
Ellahi Capital Pvt Ltd. 369,500 0.10%
MCB-Arif Habib Savings & Investments Ltd. (Invt Mgmt) 104,500 0.029%
Company contact information
Altern Energy Ltd.
Descon Headquarters
18-Km, Ferozepur Road
Lahore, Punjab 53400

Phone : +92.42.35990034
Fax : +92.42.35811135
Web : http://www.alternenergypk.com
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