Karachi September 14 2022: Lucky Cement, the largest cement manufacturer of Pakistan, inform that the Company has entered into an arrangement with Orient Energy Systems (Private) Limited for the supply and installation of 25.3 MW captive solar power project at its Karachi plant.
The estimated cost of the project is PKR 3 Billion and the Company is in the process of establishing LCs for import of equipment which is subject to receiving approval from the SBP. The project is expected to be completed in approximately eight (8) months after the establishment of LC.
The above is in addition to the earlier announced 34 MW captive solar power project with a 5.589 MW Reflex energy storage at the Company's plant in Pezu, Lakki Marwat. Sustainability and adoption of clean energy has remained a cornerstone of the Company's strategy and it was one of the first cement companies to install waste heat recovery (WHR) units at both its plant sites.
The Company's initiatives for investment in renewable energy projects will play a key role in cost savings as well as reduction of country's reliance on imported fuel.
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