Two wires of the motor-driven conveyor carrying school children snapped, leaving them stranded mid-air

Lucky Cement has kick-started its second captive solar power plant for its own consumption with the aim of reducing costs and continuing to stay in profit under a challenging macroeconomic working environment in the country.

The construction material manufacturer said in a notification to the Pakistan Stock Exchange (PSX) “we are pleased to announce the successful completion and commissioning of our 25MW captive solar power plant located at our manufacturing site in Karachi.”

“(It)…has commenced operation as of August 20, 2023.”

The project was set up at an estimated cost of Rs3 billion. It was expected to save almost half a billion rupees each year, according to a previous notification.

“Since solar pants have a low specific yield, a 25MW plant will give a net output of around 5MW, which is like