Lahore: Synthetic Products Enterprises Limited (SPEL) announced the successful energization of a one-megawatt (MW) solar power project as part of its Environmental, Social, and Governance (ESG) initiative. This addition complements the companies previously installed 2.55 MW of green energy, bringing the total solar capacity to 3.55 MW. The company aims to meet approximately 23% to 25% of its annual electricity requirements through this renewable energy source.

The announcement was made on March 24, 2025, from the company's registered office located at 127-S, Q.I.E. Township Kot Lakhpat in Lahore. The initiative is part of SPEL's ongoing efforts to integrate sustainable practices into its operations, emphasizing its dedication to contributing to a cleaner and greener Pakistan.

According to information available from the Pakistan Stock Exchange (PSX), SPEL's commitment to renewable energy is aligned with its broader ESG goals. The company secretary, Khalil Ahmad Hashmi, provided contact information for further inquiries, indicating a transparent approach to corporate governance and stakeholder engagement.

This development reflects SPEL's strategic focus on environmental sustainability, which is increasingly significant in the designated market category. The company has attached a disclosure form as Annexure-A to further detail the specifics of this initiative.