D.G. Khan Cement signs agreement for solar power plant

DG. Khan Cement Company Limited (DGKC) has informed Pakistan Stock Exchange (PSX) on June 21 that D.G. Khan Cement Company Limited (“the Company”) has signed an agreement and established a Letter of credit for the supply and installation of the On-Grid Solar Power Plant of 6.952MW at its site in Khairpur, Distt. Chakwal, Punjab, in favour of Reon Energy Limited.

Solar Power Plant is to be financed 100% through the State Bank of Pakistan Financing Scheme for Renewable Energy.  The project will be completed in about six months and replace electricity generated from fossil fuels/bought from the national grid. This will help reduce carbon footprints that align with our vision and approach to inch up towards environmentally friendly production processes.

Sharing is caring

Leave a Reply