Observer Report Karachi
Bestway Cement and Reon Energy Limited on Tuesday energized 14.3 MW captive solar power project at Farooqia, Khyber Pakhtunkhwa.
The plant is part of around 50 MW project deal dispersed across Bestway’s four locations i.e., Farooqia, Chakwal, Kallar Kahar and Hattar.
The deal between Bestway and Reon is the largest distributed energy project in the region to date. The project is owned and financed by Bestway.
The Solar PV project is expected to produce approximately 78,385 MWh (Megawatt hours) annually.
The output energy will be used on-site resulting in substantial savings for the company in cost of energy and will significantly reduce the company’s reliance on the national grid.
The energy generated will also cut around 1 million Tonnes of CO2 equivalent emissions over the life of the project, which is equal to plantation of approximately 2.1 million trees.
Reon, a part of the Dawood Group, is Pakistan’s leading Solar and Storage Solutions Specialist with deep domain expertise in project development, financial advisory, Engineering, Procurement, and Construction (EPC), and asset performance management.
Bestway Cement is the largest cement manufacturer with more than 11 million tonnes per annum cement capacity and is among the 5 largest taxpayers in Pakistan.
Bestway is also the leader in water conservation after installation of Air-Cooled Condenser Systems, the first and only company in the cement industry, which has enabled it to eliminate use of ground water for industrial use at two of its plants.
Rainwater harvesting has been a key area of focus and Bestway has made huge strides in not only improving its existing rainwater harvesting capacity, but also developing new reservoirs.