KARACHI: Lotte Chemical Pakistan Limited (PSX: LOTCHEM) has announced the successful commissioning of its 6.5 MWp captive solar power plant, marking a significant milestone in the company’s transition toward sustainable and cost-efficient energy consumption. The company shared the development in a material information notice submitted to the Pakistan Stock Exchange (PSX) on July 9, 2026.
According to the company, the newly commissioned solar facility is a strategic investment aimed at reducing dependence on high-cost electricity sourced from the national grid. By generating its own renewable energy, Lotte Chemical expects to lower operating expenses, improve profitability, and strengthen its long-term competitive position in the market.
The initiative also reflects the company’s commitment to environmental sustainability. The solar power plant is expected to reduce Lotte Chemical Pakistan’s carbon footprint while supporting cleaner industrial operations and creating long-term value for shareholders.
The disclosure was made in accordance with Sections 96 and 131 of the Securities Act, 2015, and Clause 5.6.1(a) of the Pakistan Stock Exchange Rule Book. The company has requested the PSX to inform TRE Certificate Holders of this material development.
The commissioning of the captive solar plant underscores the growing trend among Pakistani manufacturers to invest in renewable energy solutions as they seek to manage rising energy costs while advancing their environmental, social, and governance (ESG) objectives.
