Flying Cement starts operations of 12MW captive power plant

MG News | January 03, 2022 at 02:06 PM GMT+05:00

0:00

January 3, 2022 (MLN): Flying Cement Company Limited has successfully started commercial operations of a captive power plant of 12 MW at its site in district Khushab, the company’s filing on PSX showed on Monday.

This is a significant milestone achieved by the company in line with its strategic objectives of cost rationalization and optimization resulting in lower dependency on WAPDA’s power supply.

“By virtue of this, the company is contemplating saving in energy cost up to 30% when compared to WAPDA’s surging tariff, which would positively reflect on the overall financial performance and profitability of the company,” the notification added.

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