HBL, Pakistan Cables, BCEM and Orient Energy mark successful signing of 7.5MW wind power project
HBL, Burj Clean Energy Modaraba, and Orient Energy Systems have partnered to finance and build a 7.5MW wind power project for Pakistan Cables. This initiative aims to increase renewable energy usage in Pakistan's industrial sector and reduce operational costs.
Why it matters
Industrial adoption of renewable energy is critical for emerging economies looking to meet climate goals while maintaining economic competitiveness.
KARACHI - HBL, in partnership with Burj Clean Energy Modaraba (BCEM) and Orient Energy Systems, has successfully completed the financing and signing of agreements for a 7.5MW wind power project to supply green energy to Pakistan Cables' factory in Nooriabad, Sindh. The project represents a significant step towards accelerating renewable energy adoption within Pakistan's industrial sector while delivering long-term economic and environmental benefits. Under an Ijarah agreement, BCEM will develop, own and operate the project as lessor, with Pakistan Cables as lessee. OES has been appointed EPC contractor, using GOLDWIND turbine technology, and BCEM has secured project financing from Habib Bank Limited (HBL).
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