OML to install 500 kW off-grid solar system

MG News | February 04, 2025 at 01:50 PM GMT+05:00

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February 04, 2025 (MLN): Olympia Mills Limited (PSX: OML) plans to install an off-grid solar power system with an initial capacity of 500 kW at its factory premises.

This green energy initiative is aimed at reducing the company's reliance on grid electricity and achieving cost savings.

Depending on future requirements, the capacity may be expanded to 1 MW, the company's filing on PSX revealed today.

The estimated cost of the project is approximately Rs50 million.

This investment in renewable energy underscores OML’s commitment to sustainable environmental practices and aligns with our long-term vision of promoting eco-friendly operations.

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