The Special Investment Facilitation Council (SIFC) has backed Lucky Cement's latest venture into renewable energy with the launch of a 28.8 megawatt hybrid power project, marking a significant development in Pakistan's energy sector.
The project combines wind and solar power technologies to generate environment-friendly electricity without fuel consumption. This hybrid initiative follows Lucky Cement's successful implementation of a 42.8 MW solar power plant in Karachi, demonstrating the company's growing commitment to sustainable energy solutions.
SIFC's support for the energy sector development aligns with its strategic priorities to enhance Pakistan's economic stability. The wind power component of the project is expected to contribute to energy security while promoting green energy initiatives in the industrial sector.
This collaboration between SIFC and private enterprises represents a crucial step toward Pakistan's sustainable economic future, particularly in addressing the country's energy challenges through renewable resources.
