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Mughal Energy approves installation of 25MW solar power plant
Mughal Energy Limited, a subsidiary of Mughal Iron & Steel Industries Limited, has approved the installation of a 25-megawatt (MW) solar power plant to offset auxiliary power consumption at its existing power generation facility. The company’s board of directors approved the project at a meeting held on Wednesday, according to the filing submitted to the Pakistan Stock Exchange (PSX). The proposed project will be financed through a combination of debt and equity, including contributions from sponsors and directors, the company said. “The final financing structure, including the debt-to-equ...
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