In a major step towards industrial decarbonization, Burj Clean Energy Modaraba (BCEM) and Power Cement Limited (PCL) have signed Pakistan’s first-ever green captive power transaction. The landmark deal will see the development of a 7.5 MW wind captive power plant, financed through a Rs. 1.5 billion project facility.
The financing is led by The Bank of Punjab, with participation from the National Bank of Pakistan and Pak Kuwait Investment Company. The Bank of Punjab acted as Lead Bank, Adviser, Arranger, and Intercreditor Agent, while the National Bank of Pakistan served as Mandated Lead Advisor, Arranger, and Security Agent. Pak Kuwait Investment Company joined as a Musharaka Participant and equity provider, building on its earlier support for BCEM’s solar projects.
This pioneering initiative is designed to help Power Cement reduce its carbon footprint and improve energy efficiency by generating clean, reliable electricity on-site. Orient Energy Systems has been appointed to deliver the project, which will use a GOLDWIND wind turbine.
Executives from all parties attended the signing ceremony, highlighting their shared commitment to a greener, more resilient energy future for Pakistan. The project is expected to set a precedent for private-sector clean energy partnerships and demonstrate how innovative financing can accelerate industrial decarbonization in the country.
