Kohinoor Energy, Chinese firm plan battery manufacturing in Pakistan

Kohinoor Energy Limited, an Independent Power Producer in Pakistan, has entered into a non-binding memorandum of understanding with China's Hebei Juhang Energy Technology Group to explore a joint venture for the assembly and manufacturing of lithium-ion battery packs and battery energy storage systems in Pakistan. The companies aim to manufacture, market, and sell these products, as well as related electrical equipment.

Kohinoor Energy currently operates a 124 MW power plant in Lahore, supplying electricity to WAPDA, and the project is planned in phases, with potential capacity expansions depending on market demand and performance. The memorandum of understanding is non-binding, and transactions are subject to further evaluation, due diligence, and approvals.

Brief written by urgent.news from Business Recorder's own syndicated text. Machine-written — may contain errors; check the original before relying on it.