Power Cement Limited (PCL) in coordination with Burj Solar has decided to step into power generation. In this regard PCL has signed an agreement with Burj Solar to develop the country’s first distributed generation wind power project of 9.6 megawatts (MW).
Under the 20-year Build-Own-Operate-Transfer (BOOT) model, Burj Solar will install two 4.8 MW wind turbines at PCL’s premises, with Orient Energy serving as the contractor. The distributed wind project holds immense commercial viability, promising substantial savings on PCL’s energy costs while reducing reliance on fossil fuels – a step towards import substitution for the nation.
Estimates suggest the initiative could potentially offset approximately 15,000 metric tons of carbon emissions annually while generating around 30 gigawatt-hours of clean energy every year.
This is the second time the two companies are collaborating. Previously Burj solar commissioned a 7 MW solar power plant for PCL in 2022 under the same BOOT structure. Saad Zaman, Group CEO of Burj Capital, affirmed the company’s dedication to driving the adoption of cutting-edge clean energy technologies and e-mobility applications in Pakistan. Burj aims to empower businesses and consumers to access and utilize natural resources through the nation’s first Green Modaraba.
Kashif Habib, CEO of Power Cement, underscored the project’s significance, recently approved by the Board of Directors, emphasizing the substantial cost savings and alignment with the company’s sustainability goals and commitment to renewable energy.
The 9.6 MW distributed wind power project marks a major milestone in Pakistan’s transition towards clean energy, showcasing the potential of public-private partnerships in driving sustainable development and mitigating the impacts of climate change.
