The Economic Cooperation Organisation (ECO) Trade and Development Bank signed a loan agreement with DG Khan Cement Limited (DGKCC) to finance 3 projects. The Loan will carry a tenor of 5 years with one year grace period.

DG  Khan Cement  Company Limited (DGKCC ) is part of Nishat Group and one of the largest as well as oldest cement  manufacturing company of Pakistan with its two production plants which are located in Khofli Sattai and Khairpur. 

One of the projects that ECO Trade & Development Bank (ETDB) is providing a loan to DGKCC is for the establishment of a waste heat recovery plant (WHR) for power generation with a capacity of 8.6 MW at the Khairpur Cement Plant. Other two projects which are financed by the Bank are for the establishment of Refuse Derived Fuels (RDF) facilities in both plants which will replace coal with alternative fuels in energy production. Both projects are eligible for carbon credit and are environment friendly.

By using renewable source of energy instead of coal and furnace fuel, the projects will pave the way for diversifying the fuel mix of the power sector in Pakistan away from its current heavy dependence on the fossil fuels.

The RDF projects, being one of the first in Pakistan will be a sample for other cement companies and other industries.