Pioneer Cement approves solar plant at Khushab site
MG News | June 15, 2026 at 03:37 PM GMT+05:00
June 15, 2026 (MLN): Pioneer Cement Limited's (PSX:PIOC) Board of Directors
has approved the installation of a 28.265 MW solar power plant at the company's
plant site in Chenki, Jauharabad, District Khushab.
The company stated
that the solar plant is expected to be commissioned and commence commercial
operations during the second quarter of FY2026-27, company’s filing on PSX
revealed today.
The company said the
strategic investment reflects its continued commitment to operational
excellence, sustainability, and long-term value creation for stakeholders, and
is expected to result in significant savings in energy costs.
The investment will be funded entirely through
the company's own cash flows.
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