Mughal Energy approves installation of 25MW solar power plant

Mughal Energy Limited’s board has cleared a plan to build a 25MW solar plant at its existing power generation site, Business Recorder reported on Wednesday. The facility is intended to meet some of the site’s auxiliary electricity needs.

The project is to be funded using debt and equity, with sponsors and directors also contributing, but the company has not set out the final funding mix. It did not provide a cost estimate or completion date.

Mughal Energy brought a 31.50 MW turbine at its captive hybrid power project into operation in August. Its parent, Mughal Iron & Steel Industries Limited, is principally engaged in making and selling mild steel products.