Thatta Cement Company Limited (PSX: THCCL) has given the green light to a comprehensive green energy plan aimed at reducing its reliance on grid electricity and cutting operational costs, according to a filing revealed today on the Pakistan Stock Exchange (PSX).
The company is nearing the completion of its plan to install 3.5 MW solar panels at its plant premises. Additionally, THCCL has recently partnered with Orient Energy Systems FZCO for the development of a 4.8 MW windmill project at the same location.
These renewable energy initiatives are expected to reduce the company’s grid electricity dependency by 50%, the notification stated.
“The integration of renewable energy into our power mix significantly enhances our commitment to sustainable environmental practices,” the statement added.
Investing in renewable energy projects is anticipated to yield substantial cost savings for THCCL while also contributing to the country’s efforts to reduce dependence on fossil fuels.
A formal agreement detailing the terms and conditions of the windmill project with Orient Energy Systems FZCO will be signed in the near future.
