Lahore: Pioneer Cement Limited has announced a significant development in its energy strategy with the signing of a contract with Pragmatic Engineering Solutions FZE and China's Sungrow Power Supply Co., Ltd. The agreement, revealed in a report dated November 6, 2026, outlines the supply and installation of a 15 MW / 30 MWh Battery Energy Storage System (BESS) and an additional 10 MW solar installation at the company's manufacturing facility in Chenki, District Khushab, Punjab.

The BESS, a critical component of this venture, is intended to store solar energy generated during daylight hours for use during periods of peak demand. This system is expected to enhance grid stability and reduce reliance on grid electricity, leading to a substantial decrease in energy costs for the company. The project is slated for completion by March 31, 2027.

According to information available from the Pakistan Stock Exchange (PSX), the contract is in compliance with Sections 96 and 131 of the Securities Act, 2015, and Clause 5.6.1(a) of the Pakistan Stock Exchange Regulations. This investment aligns with Pioneer Cement's strategic focus on sustainability and operational efficiency, contributing to long-term stakeholder value.

The initiative reflects the company's ongoing commitment to reducing its carbon footprint and leveraging renewable energy sources to drive economic and environmental benefits.