Pakistan: Burj Clean Energy Modaraba (BCEM) and Power Cement (PCL) have signed a ‘green’ captive power transaction, a US$5.3m project to establish a 7.5MW wind captive power plant.
The deal is backed by a finance facility arranged by The Bank of Punjab, with participation from the National Bank of Pakistan and Pak Kuwait Investment Company. Power Cement said the initiative will allow it to generate clean and reliable electricity on-site, reducing reliance on fossil fuels and supporting Pakistan’s wider clean energy goals.
