SPEL boosts Solar capacity to over 2.5 MW

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By MG News | May 15, 2024 at 10:30 AM GMT+05:00

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May 15, 2024 (MLN): Synthetic Products Enterprises Limited (PSX: SPEL) has successfully installed over 1.3 MW solar power project under its Environmental, Social, and Governance (ESG) initiative, complementing the previously installed 1.25 MW of green energy, the company's filing on PSX revealed today. 

This expansion brings our total solar capacity to meet approximately 20% of our annual electricity requirements through clean, green renewable energy.

"This achievement underscores our commitment to sustainable practices and our dedication to contributing to a greener, cleaner Pakistan," the notification to PSX reads. 

The company is principally engaged in the manufacturing and sale of plastic auto parts, plastic packaging for food and FMCG industry and moulds & dies.

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