Kohinoor Energy Limited (KEL) has entered into a Memorandum of Understanding (MOU) with Hebei Juhang Energy Technology Group Co., Ltd. to explore a joint venture for the assembly and manufacturing of lithium-ion battery packs and energy storage systems in Pakistan.
- The MOU outlines an initial annual capacity of approximately 50-100 MWh, with potential expansions to 300-500 MWh and eventually 700-1,000 MWh, depending on market demand.
- The agreement is non-binding and subject to further evaluation, due diligence, and necessary approvals.
- KEL has committed to keeping the Pakistan Stock Exchange informed of any material developments related to this venture.