KARACHI: Maple Leaf Cement (MLCF) on Monday announced that its wholly owned subsidiary company, Maple Leaf Power Limited, had signed an agreement with plant supplier, Sinoma Energy Conservation Limited, China, for setting up a 40MW imported coal-fired power plant at Iskandarabad, district Mianwali.

“The project is expected to start commercial production in May 2017 which is based on highly efficient steam turbine generators, fuel supply and cooling systems. The expected project life is 25 years,” a company filing with the KSE stated.

Already facing acute energy shortage, the increasing urbanisation and industrialisation has further aggravated the demand and supply equation, the company said, adding that the coal-fired power plant would ensure uninterrupted power supply in an increased capacity utilisation environment, while combating increasing energy costs within the country.

Berger Paints

In another notice to investors, Berger Paints Pakistan stated that the company has acquired 49 per cent shares in “3S Pharmaceuticals Private Limited” for Rs39.2 million. The pharma firm is located at 5km, Raiwind Manga Road, Lahore.

Earlier on Nov 30, Berger had conveyed as ‘material information’ in compliance with Section 15D of the Securities & Exchange Ordinance, 1969 and Clause (xx) of the Listing Regulations No 35 of code of corporate governance, that the board of directors had approved investment of Rs39.2m in “Pharmaceuticals Company in Lahore”.

Published in Dawn, December 22nd, 2015

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Out of control
Updated 19 Feb, 2025

Out of control

AS bodies continue to fall in Kurram despite a state-sanctioned ceasefire, one wonders how long local militants’...
Hollow words
19 Feb, 2025

Hollow words

IT is not uncommon for politicians to resort to the use of hyperbole in order to boost their public standing. ...
Migration matters
19 Feb, 2025

Migration matters

THE grass, it seems, did appear greener on the other side to millions of people as evidenced by the latest UN ...
Cholistan project
Updated 18 Feb, 2025

Cholistan project

GPI goals align with Pakistan's broader economic aims but the manner in which the initiative was launched raises questions.
Right to know
18 Feb, 2025

Right to know

IT is an unfortunate paradox that while on paper Pakistan has some of the most impressive right to information laws,...
Dam dispute
18 Feb, 2025

Dam dispute

THE situation in Chilas needs attention and a fair-minded approach so that it can be resolved amicably. Diamer ...