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Bestway Is Taking the Largest Solar Power Initiative In Region With Installation Of 58 MW: PSX

admin-augaf by admin-augaf
November 1, 2021
in Business
Reading Time: 2 mins read
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Bestway Is Taking the Largest Solar Power Initiative In Region With Installation Of 58 MW: PSX

Bestway Is Taking the Largest Solar Power Initiative In Region With Installation Of 58 MW: PSX

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Karachi November 1 2021: Building on the legacy of being an environmentally conscious Company, you will be delighted with further progress made by Bestway on this front. Bestway Cement had signed contracts for setting up 51 MWs off grid solar power plants at all of its production facilities.

Bestway intend to expand this capacity to 58 MWs within the current ¬financial year. This is, by far, the largest solar power initiative undertaken by any manufacturing company not only in the country but also in the region.


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The three of these solar power plants having capacity of 44.4 MWs have commenced power generation at the Farooqia, Chakwal and Kallar Kahar plant as at reporting date. The solar power generation will not only reduce your Company’s reliance on the national grid further but will also signi¬ficantly reduce its carbon foot print. Once all the solar plants have been commissioned the energy generated will cut around the equivalent of 1.1 million Tonnes of CO2 emissions over the life of the project, which is equal to plantation of approximately 2.3 million trees.

Cement manufacturing is an energy-intensive process. Power represents one of the largest costs of production. Persistent power crisis in the country necessitated a shift from conventional fossil fuels to alternate energy solutions.

As part of its strategy to reduce its reliance on the national grid, Bestway Cement Company has set up Waste Heat Recovery Power Plant (WHRPP) at all four sites Chakwal, Hattar, Farooqia and Kallar Kahar. Bestway’s WHRPP at Chakwal was the ¬1st in the cement industry of Pakistan prompting others to follow suit. This is an important step in energy conservation for your Company, making it a forerunner in adopting Waste Heat Recovery (WHR) technology at all its operations. These projects serve to signi¬cantly reduce the Company’s dependence on external source of electricity thus helping in reduction of production costs, improving operational efficiency and protecting the environment.

Tags: BUSINESSfinancePakistanpakistan stock exchangePSX
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