Karachi: Burj Investment Management Limited, through its entity Burj Clean Energy Modaraba, has announced a significant development in Pakistan's renewable energy sector with the execution of a Build, Own, Operate, and Transfer (BOOT) agreement for a 7.5 MW wind power project. The agreement, formalized in a Lease (Ijarah) Agreement with Pakistan Cables Limited, aims to enhance sustainable power generation at the Company's manufacturing facility located in Nooriabad, Sindh. The announcement was made on August 19, 2026.

The partnership, structured under the guidelines of the Pakistan Stock Exchange and the Securities Act, 2015, underscores a collaborative effort to promote clean energy solutions in the region. According to information available from the Pakistan Stock Exchange (PSX), the initiative involves a project financing facility extended by Habib Bank Limited (HBL) to support the Modaraba's investment in this renewable energy venture.

Under the BOOT model, Burj Clean Energy Modaraba will be responsible for the development, ownership, and operation of the wind power project, supplying renewable energy to Pakistan Cables Limited. This move is aligned with ongoing efforts to reduce reliance on fossil fuels, enhance energy efficiency, and support the sustainability goals of the involved entities.

The project is anticipated to play a significant role in advancing Pakistan's transition to clean energy, while also offering sustainable value to the Modaraba's certificate holders and stakeholders. As the renewable energy sector in Pakistan continues to grow, this project marks an important milestone in the country's journey towards a sustainable future.