Panther Tyres to add 3.5MW solar plant at manufacturing facility

Panther Tyres Limited is expanding its renewable energy footprint with the installation of a new 3.5MW solar power system at its manufacturing facility, a move the company says will strengthen cost efficiency and increase reliance on clean energy.

In a notification issued to the Pakistan Stock Exchange, the tyre manufacturer said the contract for the project had been awarded to an established solar solutions provider, while procurement and implementation activities were already underway.

Once operational, the latest addition will increase the company’s total solar generation capacity to 6MW, including the existing 2.5MW system commissioned at the facility last year.

Panther Tyres said the project would be developed using high-efficiency Jinko 720W solar panels and Huawei inverters.

The company estimates the system will reduce annual carbon emissions by nearly 4,700 metric tons, an environmental impact it said is comparable to planting around 220,000 trees.

The expansion comes as businesses across Pakistan increasingly turn to solar energy to offset rising electricity costs and reduce dependence on the national grid.

Pakistan, a country of over 224 million people, remains heavily reliant on imported oil and liquefied natural gas, making its energy sector vulnerable to global supply disruptions and price volatility.

Recent fuel supply concerns linked to the Iran conflict and tensions around the Strait of Hormuz have further accelerated interest in alternative energy sources, while the government has simultaneously introduced energy conservation measures, including reduced working hours in parts of the country.

The industrial sector has emerged as one of the key drivers of Pakistan’s solar adoption trend, with companies investing in captive renewable energy generation to manage operational expenses and improve long term energy stability.