Pioneer Cement commissions 28MW solar power plant in Punjab
Pioneer Cement Limited has commissioned a 28.265-megawatt (MW) solar power plant at its manufacturing facility in Punjab, with the project’s total capacity subsequently enhanced to 31MW. The listed cement maker disclosed the development in a filing to the Pakistan Stock Exchange (PSX) on Tuesday. “We are pleased to inform that Pioneer Cement Limited has successfully completed and energised its…
Pioneer Cement has completed and activated a 28.265-megawatt solar power plant at its facility in Chenki, District Khushab, Punjab. The company announced the achievement in a filing to the Pakistan Stock Exchange, stating that net-metering regime will see solar energy meet around 45% of the firm's annual power needs. This move is expected to lower power costs, enhance efficiency, and bolster profitability and sustainability goals.
The increased solar capacity in Pakistan, from 321MW in 2021 to 4,124MW by December 2024, has driven a 20% share of electricity generation from solar by 2025, up from just 3% a decade ago. However, this transition to solar power has posed challenges for the national grid and distribution companies, as reduced demand for grid electricity strains their financial stability and affects the viability of conventional power plants.
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