KARACHI: Reon Energy Limited Monday announced the commissioning of its latest 12.5 MW captive solar power project at Fauji Cement Company Limited (FCCL) in Jhang Bahtar, Punjab.
[the_ad id=”31605″]The proposed move is a key step in commercializing a unit in order to achieve a lower cost of electricity.
The 12.5 MW photovoltaic project is expected to produce approximately 20 GWh (Gigawatt hours) annually. The output energy will be used for captive generation and will avoid around 121,437 Tonnes of CO2 equivalent emissions in the next 10 years, a statement said.
The project aims to integrate the new photovoltaic project with the existing power generating facility.
Mujtaba Haider Khan, CEO, Reon Energy Limited said, “The 12.5 MWp Solar Plant shall offset higher energy prices for power from grid and other sources. Cement sector is going through a tough patch, lower prices and demand compression, this initiative should help preserve margins in a tough environment. I commend the Fauji Cement Team for taking a leap towards energy independence, we’re privileged to have played our role.”