Burj Clean Energy secures UBL financing for TOMCL solar project

MG News | November 13, 2026 at 03:48 PM GMT+05:00

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November 13, 2026 (MLN): Burj Clean Energy Modaraba (PSX: GEMBCEM) has entered into a Lease (Ijarah) Agreement with The Organic Meat Company Limited (PSX: TOMCL) for the development, installation, ownership, and operation of a 2MW solar power project along with a 5MWh Battery Energy Storage System (BESS).

The agreement is structured under a Build, Own, Operate, and Transfer (BOOT) model and covers the installation of the project at TOMCL’s manufacturing facility in Gadap, Sindh.

In connection with the project, United Bank Limited (UBL) has extended a project financing facility to the Modaraba.

Under the BOOT arrangement, Burj Clean Energy Modaraba will develop, own, and operate the solar power project and BESS, providing renewable energy to The Organic Meat Company Limited.

The project is expected to reduce reliance on fossil fuel-based energy, improve energy efficiency, and support the long-term sustainability objectives of the participating parties.

The aforementioned information was disseminated through a notification to Exchange.

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