JS & Co eyes solar power production

The Quaid-e-Azam solar power project has been installed in Bahawalpur district, Punjab


Our Correspondent December 21, 2017
PHOTO: EXPRESS

KARACHI: Jahangir Siddiqui and Company is diversifying its business interests into power production by conducting due diligence for the 100-megawatt Quaid-e-Azam solar power project.

“Jahangir Siddiqui & Co Ltd (JSCL) has been pre-qualified by the Punjab Privatisation Board, Government of Punjab in relation to acquisition of 100% equity stake in the Quaid-e-Azam Solar Power (Private) Limited,” Jahangir Siddiqui Company Secretary and Chief Financial Officer Hasan Shahid said in a notification to the Pakistan Stock Exchange on Wednesday.

Experts suggest water testing laboratories in each district

The transaction would be subject to obtaining all relevant internal and regulatory approvals, he said.

The Quaid-e-Azam solar power project has been installed in Bahawalpur district, Punjab.

A company official added it was searching for “(new) investment avenues to create value for its shareholders.”

He said the company was not in the business of power production as of yet.

Published in The Express Tribune, December 21st, 2017.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.

COMMENTS

Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ

E-Publications

Most Read