Pioneer Cement approves 28 MW solar power plant at Punjab facility
- Funded by internal cash, the plant promises substantial energy cost savings and a strong commitment to sustainability
Pioneer Cement Limited is installing a 28.265 MW solar power plant by Q2 FY 2026-27, aiming for energy cost savings and sustainability, funded entirely by its own cash flows.
- Pioneer Cement's new solar power plant details.
- Expected commissioning and funding for the project.
- Pakistan's substantial solar panel imports and their impact.
Pioneer Cement Limited has approved the installation of a 28.265 MW solar power plant at its plant site located at Chenki, Jauharabad, District Khushab, Punjab.
The company shared the information in a notice to the Pakistan Stock Exchange on Monday.
It said that the solar power plant was expected to be commissioned and commence commercial operations during the second quarter of the financial year 2026-27.
READ MORE: OPINION: Solar energy2
“This strategic investment reflects the Company’s continued commitment to operational excellence, sustainability and long-term value creation for its stakeholders and is expected to result in significant savings in energy costs.
The investment will be funded entirely through the Company’s own cash flows,” the bourse was informed.
A study has said that Pakistan imported over 50 Gigawatt (GW) of solar panels at an estimated cost of almost $18 billion in the past five years, a volume equivalent to the country’s entire grid capacity,
The boom in renewable energy has protected seven million households and many big businesses against energy price shocks and geopolitical risk, it added.
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