Observer Report
Lahore
In a landmark development, Pantera Energy, a leading solar energy equipment and solution provider signed a memorandum of understanding with Shahkam Industries to provide 3.32 MW rooftop Solar Power plant. The power plant will be installed and made operational during the upcoming summers according to the terms of the contract. When completed, the unit will be one of the largest rooftop solar power plants in Pakistan. This solar power plant, being installed on self-consumption basis, will produce around five million units of clean and renewable electricity every year. This will result in a significant drop in the carbon footprint of Shahkam Industries, a major textile industry in Pakistan. This development will also significantly reduce electricity costs for the textile giant and shield them against ever rising electricity prices in Pakistan. The MoU was signed in a lit ceremony hosted at a hotel in Lahore. Speaking on the occasion, Muhammad Shoaib, CEO of Pantera Energy told the attendees that being one of the oldest companies working in this relatively new market, Pantera Energy has always been at the forefront of Solar revolution in Pakistan.
