After this project, Gul Ahmed solar installed capacity will stand at 19 MW
Pakistan has been actively working to increase its solar energy capacity to address energy issues and reduce reliance on traditional fossil fuels.
One of the Country`s largest textile mills Gul Ahmed Textile Mills Limited (GATM) announced that it will install a 17.1 MW roof-top solar plant.
The Board of Directors (BoD) of the company accorded approval to the management to sign a term sheet with K Solar (Private) Limited, a vertically integrated power utility company in Pakistan, in respect of 17.1 MW on Build, Own, Operate and Transfer (BOOT) basis on the rooftop of the manufacturing facility.
The project is expected to come live by Q1 2025.
As per the statement, Gul Ahmed’s current installed solar capacity stands at 0.5 MW and 1.4 MW is under the installation phase. “After this project, the solar installed capacity will stand at 19 MW,”
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GATM shared that the company’s initiative will play a key role in cost savings and underscores its proactive efforts to diversify energy portfolio, enhance operational efficiencies, and mitigate long-term energy risks.
“Furthermore, it reinforces our commitment to achieving our sustainability targets in line with global best practices and regulatory requirements,”