DG Khan Cement Firm Restricted (DGKC) has efficiently put in a 7MW on-grid solar energy plant at its web site in Khairpur, the corporate’s submitting on Pakistan Inventory Trade (PSX) confirmed on Monday.
The corporate mentioned the on-grid energy plant has efficiently began energy technology.
“It’s going to lower our energy value combine, scale back carbon footprint and curtail reliance on costly fossil fuels,” the cement maker mentioned.
DGKC is likely one of the largest cement producers in Pakistan with a manufacturing capability of twenty-two,400 tons per day (6.72 million tons/annum). It has 4 cement vegetation, two in Dera Ghazi Khan, one in Khairpur district Chakwal and one at Hub Lasbela district (Balochistan).
Final 12 months in June, DGKC had signed an settlement and established Letter of Credit score (LC) for the availability and set up of the plant with Reon Power Restricted.
Again then, the cement producer mentioned the plant was to be financed 100% by means of the State Financial institution of Pakistan (SBP) Financing Scheme for Renewable Power.
The SBP introduced the scheme in 2009 for financing energy vegetation utilizing renewable vitality, with a view to advertise renewable vitality initiatives within the nation. The target of the scheme was to lend assist in addressing the challenges of vitality scarcity and local weather change.