DGKC establishes LC for 6.952MW solar power plant

By MG News | June 21, 2022 at 11:59 AM GMT+05:00

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June 21, 2022 (MLN): D.G. Khan Cement Company Limited (DGKC) has signed an agreement and established a Letter Of Credit (LC) for the supply and installation of the on-grid solar power plant of 6.952MW at its site in Khairpur, Distt Chakwal, in favour of Reon Energy Limited, the company's filing on PSX showed today.

The 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 which are well aligned with our vision and approach to inch up towards environment-friendly production processes.

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