METRO Cash & Carry launched its “Clean and Green Pakistan” initiative in the year 2019. Metro Pakistan is collaborating with Shams Power to install solar power at all Metro stores, helping them switch to a greener source of electricity.
Shams Power Will Solarize 5 MegaWatt for Metro Stores
Under the long-term Power Purchase Agreement (PPA), Shams Power will invest and install over 5MW solar power plants at rooftop and carports of Metro stores across Pakistan and operate them for the entire duration of the PPA. This model removes all CAPEX responsibility, Operations & Maintenance expenses, and equipment performance risks for Metro. Moreover, the equipment will be transferred to Metro at the end of the PPA, giving them free electricity for the remaining life of the equipment.
Outcomes of this PPA Agreement
The installation will allow METRO stores to reduce 2,639 tons of CO2 emissions each year. It will enable METRO to enjoy 38% savings in electricity bills without any capital investment or upfront costs. METRO Group observes sustainability as an integral element of its company’s core business, and with this project, they will utilize 6,000,000 units per year of clean solar energy. The group strongly encourages that a company’s economic growth comes with sustainable practices.
In line with their robust sustainability vision, their collaboration with Shams Power Limited has allowed METRO Pakistan to effectively adapt its Sustainable Development Goals (SDG) #7, i.e., Affordable and Green Energy.
Why Shams Power?
Shams Power is one of the most prominent solar energy solutions providers in Pakistan. It effectively provides turn-key solar solutions based on Build-Operate-Own-Transfer (BOOT) model. Shams is the first company to have NEPRA issued Distributed Solar Generation License. Its end-to-end solar services make solar adoption a seamless and smooth transition for the corporates making it an ideal option for the commercial and industrial sector companies.
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