Reon Energy, largest industrial solar solution provider, of Dawood Hercules Group has been hired by Kohinoor textile mills limited (KTML) for the installation of one megawatt solar generation plant to reduce energy costs and carbon emissions.
Textile mills are increasingly opting for solar rooftop panels in their units since the cost of solar photovoltaic units and accessories have reduced.
Mr Mujtaba Haider, CEO Reon Energy congratulated KTML for being a pioneer in solar installment for sustainability as well as significant commercial savings for Kohinoor.
He added that Pakistan was gifted with high solar irradiation and there was a clear incentive for consumers and businesses in the form of cheap financing from State Bank of Pakistan and a net-metering policy that allows exporting excess back to the grid to earn credits.
