Lahore: In a significant development, Mughal Energy Limited has announced the approval of a new project to install a 25 MW solar power plant. The decision was made during a Board of Directors meeting held on November 4, 2026, at the company's headquarters in Shadman 1, Lahore.

The primary aim of the proposed solar power plant is to offset the auxiliary power consumption of the company's existing power generation facility. The project will be funded through a combination of debt financing and contributions from equity sponsors and directors. The final financial structure, including the debt-to-equity ratio, will be determined by the financing arrangements, project requirements, and commercial feasibility.

According to information available from the Pakistan Stock Exchange (PSX), the strategic move by Mughal Energy Limited is part of the company's ongoing efforts to enhance its energy efficiency and sustainability practices. The market category relevant to this development is the energy sector.

The board's decision reflects the company's commitment to incorporating renewable energy solutions into its operations, aligning with broader industry trends towards sustainable energy production.