Karachi: In a significant development for Pakistan’s clean energy sector, Burj Clean Energy Modaraba (BCEM) held its first corporate briefing session on November 27, 2025. Managed by Burj Investment Management (Private) Limited, BCEM is recognized as the nation’s first entity to acquire a Green Energy Fund license, focusing on aiding the country’s transition to green energy.
BCEM, a multipurpose, perpetual fund, has a paid-up capital of Rs. 1 billion. It has attracted equity investments from two of Pakistan’s major banks, Habib Bank Ltd and Meezan Bank, along with Arif Habib Limited, one of the country’s largest corporate entities. The fund has been assigned a Long Term rating of A (Single A) and a Short Term rating of A1 (A One) by VIS Credit Rating Company Limited. Notably, BCEM successfully issued its inaugural short-term A1-rated Green Sukuk worth PKR 700 million.
The financial performance of BCEM for the year ended June 30, 2025, reflects a net revenue of PKR 185 million. This includes service revenue of PKR 144 million, income from mutual fund investments of PKR 9 million, bank deposit profits of PKR 11 million, and dividend income of PKR 21 million. The operating profit stood at PKR 66 million, with a profit after taxation marked at PKR 59 million. Earnings per certificate, both basic and diluted, were reported at 0.59.
According to information available from the Pakistan Stock Exchange (PSX), BCEM’s balance sheet as of June 30, 2025, shows total assets and total equity and liabilities amounting to PKR 1.618 billion. The assets are comprised of non-current assets valued at PKR 1.303 billion and current assets equating to PKR 314 million. Meanwhile, the equity and liabilities include certificate holders’ equity of PKR 1,000 million, total equity of PKR 1.079 billion, non-current liabilities of PKR 398 million, and current liabilities of PKR 140 million.
BCEM is also at the forefront of Pakistan’s first green captive power project, a 7.5 MW initiative. In collaboration with Orient Energy Systems and GOLDWIND, this project will enable Power Cement to generate clean, reliable electricity on-site, thereby reducing its reliance on fossil fuels. This pioneering transaction is poised to further Power Cement’s sustainability agenda while establishing BCEM as a leader in private-sector clean energy partnerships, setting the stage for scalable renewable energy solutions within Pakistan’s industrial sector.