September 2, 2021 (MLN): S.S. Oil Mills Limited (SSOM) has informed through a notice to Pakistan Stock Exchange (PSX) that the company had imported a GROUND MOUNTED GRID TIED SOLAR PV SYSTEM with an installed capacity of 1MW that is being financed through the State Bank of Pakistan SFRE Scheme.
This solar-based energy generation system will provide low-cost energy to the company. The system will be tied with the grid through reverse metering. This solar system is under installation and will become operational in the current financial year and will participate in the cost-saving drive of the management resulting in better financial results, the notice issued by the company said.
Secondly, the company is continuously involved in BMR and at present, further machinery/equipment are in the process of import and installation. This will increase the per day crushing capacity from 300 metric tons to 400 metric tons.
The company anticipates that this machinery/equipment will become operational in the current financial year.
Thirdly, SSOM has had erected a cooking oil plant, which is now in the process of finalization and will become operational in the current financial year. The capacity of the plant is 80 metric tons per day.
