Kohinoor Energy, Juhang Energy sign MoU on battery joint venture

October 01, 2026 (MLN): Kohinoor Energy Limited (PSX:KOHE) has signed a non-binding Memorandum of Understanding (MoU) with China's Hebei Juhang Energy Technology Group Co., Ltd. (Juhang) to consider a joint venture in Pakistan for the assembly, manufacturing, marketing and sale of lithium-ion battery packs, battery energy storage systems, and related products and associated electrical equipment.

In a material information notice, KOHE said the MoU was signed on October 1, 2026, and that the disclosure was made under Sections 96 and 131 of the Securities Act, 2015 and Clause 5.6.1(a) of the PSX Rule Book.

The project is envisaged in phases, starting with an initial annual capacity of approximately 50-100 MWh.

This could expand to approximately 300-500 MWh and, subsequently, to approximately 700-1,000 MWh, subject to market demand, business performance and the conditions stated in the notice.

The company said the transactions contemplated under the MoU remain subject to further evaluation and due diligence, applicable approvals and definitive agreements.

It added that it will keep the PSX informed of any material development in line with applicable law and the PSX Rule Book.

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