Pakistan: Bestway Cement inaugurates two WHR power plants

Pakistan: Bestway Cement inaugurates two WHR power plants
27 July 2015

Bestway Cement Ltd has announced the inauguration of 6MW and 7.5MW waste heat recovery (WHR) power plants at Hattar and Farooqia, district Haripur, respectively, in Pakistan's Khyber Pakhtunkhwa province at an estimated cost of PKR1.7bn (US$166.9m).

Speaking at the opening ceremony, group chairman, Anwar Pervez, hailed the accomplishment as yet another milestone in the long series of achievements by Bestway since its entry in Pakistan. “It follows the company's successful acquisition of Lafarge Pakistan, now known as Pakcem Ltd, for an enterprise value of US$329 million in July 2014,” Anwar Pervez added.

He expressed his commitment to further developing the acquired company into a role model for cement industry to follow and stated that Bestway plans to invest nearly US$30m in Pakcem Ltd, including a 9.8MW WHR power plant at its Kallar Kahar operations later this year.

Zameer Choudrey, CEO of Bestway Group, said that these power plants will not only reduce Bestway’s reliance on national grid but also help in alleviating the country’s power crisis to a certain extent and reduce greenhouse gas emissions by 27,000 CMDs.

With a total capacity of over 8Mta, Bestway continues to be a pioneer in the cement industry focussed on reducing environmental impact and contributing to the country’s power generation.

Published under Cement News