Power Cement to get electricity from Burj Solar on fixed tariff

MG News | January 07, 2022 at 09:28 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

January 7, 2022 (MLN): Power Cement Limited (PSX: POWER) has signed an agreement with M/s. Burj Solar Energy (Private) Limited for procurement of electricity on a fixed tariff, around 40% lower than the existing grid tariff for the next twenty years, a company filing on PSX showed on Friday.

Burj Solar Energy (the supplier) shall invest by setting up a dedicated 7MW Solar Power Plant at the existing site of the company (POWER), expected to be operational within the next six to eight months.

The agreement will help the company to curtail the impact of swelling electricity expense, which is a material component of cement manufacturing cost.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	179,571.27 436.67M	1.06% 1878.35
ALLSHR	108,600.94 844.23M	1.00% 1073.54
KSE30	53,548.42 162.02M	0.99% 525.53
KMI30	256,725.70 154.74M	0.76% 1936.43
KMIALLSHR	70,620.69 563.61M	0.98% 683.55
BKTi	48,625.03 36.31M	1.37% 658.39
OGTi	37,179.52 8.29M	0.94% 345.85

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	60,565.00	60,895.00 59,790.00	570.00 0.95%
BRENT CRUDE	73.08	75.13 71.38	-2.18 -2.90%
RICHARDS BAY COAL MONTHLY	103.50	0.00 0.00	0.25 0.24%
ROTTERDAM COAL MONTHLY	113.35	114.25 113.00	-0.05 -0.04%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	70.24	71.86 68.56	-1.68 -2.34%
SUGAR #11 WORLD	14.55	14.68 14.02	0.45 3.19%