Pakistan – 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 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. 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 MW 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.”
The Solar Plant was said to create 500 jobs during the project duration. Reon Energy Limited is Pakistan’s leading Solar Company with deep domain expertise in lifetime solar and storage resource assessment, engineering, development and construction, operational asset management, troubleshooting and performance management. Reon started its operations in 2012 and since then has managed to turn around the nation’s Renewable Energy Market with successful partnerships with groups such as ENI Pakistan, Total, Indus Motor Company, Sindh Engro Coal Mining, Kohinoor Textile Mills, Abbott Pharmaceuticals, and Unilever Pakistan.-PR
Copyright Business Recorder, 2019