Lucky Cement Limited (PSX: LUCK), a major player in Pakistan’s cement industry, has successfully completed and commissioned a 28.8 MW captive wind power project at its Karachi plant. The company’s filing on the Pakistan Stock Exchange (PSX) revealed that the project, finished on time and within budget, began operations on October 21, 2024.
With the addition of this wind power facility, Lucky Cement has now increased its installed renewable power generation capacity for self-consumption to 55%. This includes contributions from its solar power plants and waste heat recovery systems at both its Karachi and Pezu locations.
In a statement, the company emphasized its ongoing commitment to sustainability, stating that the adoption of clean energy is central to its long-term strategy. “The installation of the wind power project is a testament to our dedication to conserving energy and promoting green energy resources,” the notification read.
Sustainability and Cost Savings
Lucky Cement’s significant investment in renewable energy is expected to yield multiple benefits. The company noted that this move will not only contribute to substantial cost savings but also help reduce the country’s reliance on imported fuel, supporting Pakistan’s broader goals of energy security and sustainability.
By leveraging wind, solar, and waste heat recovery technologies, Lucky Cement is playing an important role in advancing the use of clean energy within the industrial sector, setting an example for others to follow in embracing environmentally friendly power solutions.
