Kohinoor Energy Eyes Battery Manufacturing and Energy Storage Business Through Proposed Joint Venture
Kohinoor Energy Limited (KEL) has announced a significant step toward entering Pakistan’s emerging battery and energy-storage market after signing a Memorandum of Understanding (MoU) with China-based Hebei Juhang Energy Technology Group Co., Ltd. (Juhang).
According to the material information submitted to the Pakistan Stock Exchange (PSX) on October 1, 2026, the two companies intend to explore the establishment of a joint venture in Pakistan focused on the assembly, manufacturing, marketing and sale of lithium-ion battery packs, battery energy storage systems and related electrical equipment. 284173
Proposed Battery Project to Be Developed in Phases
The proposed venture is planned to grow in multiple stages. The initial annual production capacity is currently estimated at approximately 50–100 MWh. Depending on market demand and business performance, the project could subsequently expand to around 300–500 MWh, followed by a potential increase to approximately 700–1,000 MWh. 284173
Such a phased approach would allow the proposed business to assess market conditions before committing to larger production capacities. The project would cover not only battery packs but also battery energy storage systems and associated electrical equipment.
Partnership With Chinese Energy Technology Company
Juhang, a company incorporated in the People’s Republic of China, is KEL’s prospective partner under the MoU. The proposed collaboration is aimed at developing a battery assembly and energy-storage business within Pakistan. The disclosure form describes the venture as covering the assembly, manufacturing, marketing and sale of lithium-ion battery packs, energy-storage systems and related products. 284173
The proposed partnership could position KEL in a growing area of the energy sector, particularly as battery storage becomes increasingly important for managing electricity supply and supporting energy systems.
MoU Remains Non-Binding
KEL has emphasized that the MoU is non-binding at this stage. The proposed transactions remain subject to further evaluation and due diligence, applicable regulatory approvals and the signing of definitive agreements. 284173
This means the proposed production capacities and joint venture should not yet be viewed as finalized commitments. Further developments will depend on the outcome of the parties’ evaluations and the required approvals.
Outlook
The proposed venture represents a potential diversification opportunity for Kohinoor Energy beyond its existing activities. If successfully implemented, the project could establish local capacity for lithium-ion battery packs and energy-storage systems, with the possibility of scaling production significantly over time.
For now, investors and market participants will be watching for further announcements from KEL regarding due diligence, regulatory approvals and definitive agreements. The company has stated that it will disclose further material developments in accordance with applicable law and the PSX Rule Book. 284173
Note: The information above is based on KEL’s October 1, 2026 material disclosure. Since the MoU is non-binding, the proposed project and its capacity remain subject to further evaluation, approvals and definitive agreements.
