Kohinoor Textile Mills Limited (KML) has completed the commissioning of an additional 2.7 megawatts (MW) of renewable energy capacity at its manufacturing facility, taking its total solar generation to 7.2MW.
The company also announced plans to add another 3MW system by the end of the current financial year, it shared in its notice to the Pakistan Stock Exchange (PSX) on Wednesday.
“We would like to convey that the company has completed commissioning of the remaining 2.7MW renewable energy system. With this addition, the company’s total solar energy generation capacity at its manufacturing facility has reached 7.2MW, and more than 20% of its operational electricity needs are now being met through this solar photovoltaic system.
“To further strengthen the company’s sustainability and efficiency agenda, the management has decided to install an additional 3MW solar photovoltaic system on or before the end of the current financial year.
“This expansion will reduce unit energy costs, lower exposure to government-related grid tariff volatility, and support national objectives by decreasing reliance on imported fuels and associated carbon emissions,” read the notice.
Incorporated on 21 December 1987 in Pakistan under the Companies Ordinance, 1984 (Now Companies Act, 2017), Kohinoor Mills Limited is engaged in the business of textile manufacturing and generating, supplying electricity.
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.
On Tuesday, Din Textile Mills Limited (DINT) announced that it had boosted its renewable energy footprint, adding 3.2 megawatts to its operational solar capacity.
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