Din Textile Mills adds 3.2MW of new solar power

Din Textile Mills Limited (DINT) announced on Tuesday that it had boosted its renewable energy footprint, adding 3.2 megawatts to its operational solar capacity.

The company shared this in a notice to the Pakistan Stock Exchange (PSX) today.

“The company’s total operational solar capacity now stands at 11.2MW, supporting our commitment to sustainability and energy efficiency,” the listed company informed the bourse.

There has been a growing shift towards alternative energy sources in Pakistan, especially solar, which has become increasingly popular among residential and commercial sectors.

According to Policy Research Institute for Equitable Development (PRIED), an independent think tank, Pakistan is experiencing unprecedented solarisation of its energy sector, with solar photovoltaic (PV) panels with a capacity of 33 gigawatts already installed across the country.

This rising trend has left decision-makers grappling with its implications for the national grid and energy sector, as electricity consumption remains stagnant.

Nonetheless, several projects have been initiated to exploit this relatively cheaper energy source.