Lucky Cement has successfully completed and commissioned its 28.8 MW captive wind power project at its Karachi plant, a major milestone for the company.
The company announced this achievement through a notice sent to the Pakistan Stock Exchange (PSX) on Tuesday.
“We are pleased to announce the successful completion and commissioning of our 28.8 MW captive wind power project at the Company’s Karachi Plant, a significant milestone achieved by the company,” read the notice.
The project has been completed within the stipulated timelines and costs and has commenced operations as of October 21, 2024,”
With this new wind power facility, Lucky Cement’s self-consumption power generation capacity from renewable energy sources now stands at 55%, including contributions from its solar power plants and waste heat recovery systems at both its Karachi and Pezu locations.
Lucky reiterated its commitment to sustainability and clean energy, stating that the wind power project aligns with its long-term strategy of promoting renewable energy.
The company’s investment in renewable energy will result in cost savings as well as the reduction of the country’s reliance on imported fuel, it said.
