Tariq Corporation Limited, a product and seller of sugar and secondary products, decided to install a 200 -kW solar system to improve sustainability and operational efficiency, according to a report on the Pakistani Stock Exchange (PSX) on Monday.
“We are pleased to inform you that Tariq Corporation Limited (TCORP) decided to install 200 kW, which enhances its commitment to improving sustainability and operational efficiency,” read the company’s notification to PSX.
The company said that the installation of solar energy will significantly reduce the annual electricity costs and reduce our carbon fingerprint.
According to PSX, Tariq is mainly involved in the production and sale of sugar and its secondary products.
Pakistan is witnessing an increasing shift towards alternative energy sources, especially solar energy, which is gaining popularity in both residential and commercial sectors.
Last week, Big Bird Foods Limited announced to install a 3 -megawatt solar system, which is expected to reduce annual electricity costs, is currently estimated at 600 million PKR, and lower carbon fingerprint.
Meanwhile, last month, Olympia Mills Ltd. revealed plans to install the solar system outside the network at its factory, with the aim of reducing its dependence on electricity on the network and achieving great cost savings, with the approval of the board of directors to the initiative, which is estimated at the cost of 50 million PKR.