Lucky Cement commissions 28.8mw wind power project

MG News | October 22, 2024 at 12:02 PM GMT+05:00

0:00

October 22, 2024 (MLN): Lucky Cement Limited (PSX: LUCK) has completed and commissioned a 28.8 MW captive wind power project at the company's Karachi Plant, the company's filing on PSX revealed today.

The project has been completed within the stipulated timelines and costs and has commenced operations as of October 21, 2024.

"With this achievement, our installed power generation capacity for self-consumption from renewable sources now stands at 55%, including Solar Power Plants and Waste Heat Recovery plants at both locations (Karachi & Pezu)," the notification reads.

Sustainability and adoption of clean energy have remained a cornerstone of the company's strategy and the installation of the Wind power project is a testament to its commitment to conserving energy and promoting green energy resources, it added.

Lucky Cement already operates Pakistan’s largest solar captive plant, with a capacity of 42.8 MW, with 5.1 MW reflex energy storage solution at its Pezu Plant.

The company's investment in renewable energy will result in cost savings as well as a reduction of the country's reliance on imported fuel.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	163,098.19 607.60M	-0.87% -1432.62
ALLSHR	99,276.25 1,397.26M	-0.80% -801.63
KSE30	50,184.56 221.88M	-0.89% -450.56
KMI30	238,333.52 129.55M	-1.13% -2718.46
KMIALLSHR	65,792.54 685.73M	-0.99% -655.65
BKTi	45,653.52 111.72M	-1.00% -461.31
OGTi	32,313.25 10.70M	-1.57% -516.41

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	114,520.00	0.00 0.00	-2470.00 -2.11%
BRENT CRUDE	62.09	65.36 62.00	-3.13 -4.80%
RICHARDS BAY COAL MONTHLY	81.00	81.00 81.00	-1.60 -1.94%
ROTTERDAM COAL MONTHLY	90.50	0.00 0.00	0.40 0.44%
USD RBD PALM OLEIN	1,085.00	1,085.00 1,085.00	0.00 0.00%
CRUDE OIL - WTI	58.24	0.00 0.00	-0.66 -1.12%
SUGAR #11 WORLD	16.10	16.35 15.97	-0.16 -0.98%