September 14, 2022 (MLN): Lucky Cement has entered into an agreement with Orient Electrical power Techniques (Pvt) Limited for the supply and set up of a 25.3 MW captive solar power project at its Karachi plant, the company’s notice to PSX showed nowadays.
According to the discover, the estimated value of the venture is Rs3 billion and the company is in the system of developing LCs for the import of gear which is subject to getting acceptance from the SBP.
The challenge is anticipated to be completed in somewhere around 8 months soon after the institution of LC.
To remember, on June 13, 2022, LUCK’s Board of Directors approved the management of the business to undertake a feasibility study for a renewable electricity job at its plant in Karachi, which include wind and photo voltaic ability.
The company mentioned that sustainability and adoption of cleanse energy have remained a cornerstone of its method and it was just one of the initially cement corporations to set up squander heat restoration (WHR) units at each its plant web sites.
The Firm’s initiatives for expenditure in renewable electricity tasks will enjoy a crucial part in expense financial savings as very well as reduction of the country’s reliance on imported fuel, the detect additional.
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