Bunny’s Limited Transitions to Renewable Energy with Solar Power Expansion

Following the lead of several organizations, Bunny’s Limited, a Pakistani bakery products manufacturer, has started a gradual shift towards renewable energy, planning to increase solar power generation to 1MW.

During its initial stage, the company successfully procured and set up solar panels boasting a 200KVA capacity. The company communicated to the Pakistan Stock Exchange (PSX) on Thursday that these panels are projected to cut the electricity bill by around 15%.

“In the subsequent phase, the management aims to scale up solar power production to 1MW, which is expected to further decrease the electricity bill by approximately 50%.”

The company also revealed that it has begun utilizing biogas as part of its renewable energy initiative, noting that it is 30% more economical compared to standard fuels like Sui gas, LPG, or LNG.

“The management anticipates that these cost optimization measures will lower production costs and enhance the company’s overall profitability,” they stated.

Earlier in the month, Bunny’s Limited initiated the commercial manufacturing of bread at its facility in the I-9 Industrial Area, Islamabad.

“The bread line’s installed capacity is roughly 25% of the present bread line in Lahore,” the company previously disclosed.

Bunny’s was established in Pakistan in 1980 as a private limited company before being transformed into a public limited company. The company’s primary operation involves producing and selling bakery items and various other food products.

There is a growing inclination toward alternative energy sources in Pakistan, particularly solar, which is gaining traction among residential and commercial consumers.

This growing trend presents challenges for decision-makers concerning its effects on the national grid and energy sector, especially as electricity consumption plateaus.

Nevertheless, various initiatives are underway to harness this relatively cheaper energy alternative.

Earlier in the month, Dewan Cement Limited successfully put a 6 MW solar power system into operation at its Karachi manufacturing plant.

In May, International Steels Limited (ISL), a subsidiary of International Industries Limited, finalized and commissioned a 6.4-megawatt (MW) solar power venture at its Karachi factory.

In March, Tariq Corporation Limited (TCORP), which produces sugar and associated by-products, announced strategies to implement a 200KW solar power system at its premises.