GATM to boost solar capacity to 19 MW by Q12025

MG News | March 21, 2024 at 09:42 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

March 21, 2024 (MLN): The Board of Directors of Gul Ahmed Textile Mills Limited (PSX: GATM) has allowed the management to sign a Term Sheet with K Solar (Private) Limited in respect of 17.1 MW on Build, Own, Operate and Transfer (BOOT) basis on the rooftop of the Manufacturing Facility, the company's filing on PSX revealed.

The project is expected to come live by Q1 2025, it added.

The company's current installed solar capacity stands at 0,5 MW and 1.4 MW is under installation phase. After this Project, the solar installed capacity will stand at 19 MW.

This initiative will play a key role in cost savings and underscores our proactive efforts to diversify our energy portfolio, enhance operational efficiencies, and mitigate long-term energy risks.

"Furthermore, it reinforces our commitment to achieving our sustainability targets in line with global best practices and regulatory requirements," the notification reads.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	170,145.59 92.62M	-0.11% -184.97
ALLSHR	102,794.37 492.72M	0.02% 18.37
KSE30	50,675.06 42.83M	-0.12% -62.09
KMI30	242,867.59 38.53M	-0.14% -335.25
KMIALLSHR	66,668.09 246.29M	0.08% 53.89
BKTi	46,244.32 13.91M	-0.15% -68.86
OGTi	35,014.49 1.39M	-0.15% -52.31

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	61,655.00	62,095.00 61,145.00	-515.00 -0.83%
BRENT CRUDE	91.05	93.26 90.80	-0.40 -0.44%
RICHARDS BAY COAL MONTHLY	123.75	0.00 0.00	0.75 0.61%
ROTTERDAM COAL MONTHLY	133.20	0.00 0.00	0.25 0.19%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	87.80	90.00 87.61	-0.40 -0.45%
SUGAR #11 WORLD	14.14	14.23 13.97	0.02 0.14%