Green Investments at Karandaaz are aimed at supporting the Nationally Determined Contributors (NDCs) set by the Government of Pakistan towards climate mitigation, adaptation, and resilience activities. Karandaaz under the International Climate Finance (ICF) and Sustainable Energy and Economic Development (SEEED) program is working on projects in renewable energy, energy efficiency, green buildings, clean transportation, and waste management.
EBR Energy, established in 2009, is a leading energy integrator and one of Pakistan's top renewable energy solution providers, offering specialized expertise in solar technologies and solutions. The company provides comprehensive solutions for residential, commercial, and industrial clients in Pakistan. With the backing of Karandaaz, EBR Energy is well-equipped to expand its project pipeline and cultivate a new pipeline of commercial and industrial clients. This move will create employment opportunities in the solar sector as EBR Energy strengthens its capacity, with the financing yielding a net positive impact on Pakistan's economy. In 2022, EBR Energy was acquired by Imperial Electric Company Private Limited, a distinguished player in backup power generation, industrial and airfield infrastructure, and energy efficiency. This strategic acquisition is expected to further augment EBR's service offerings, while also enhancing its market position as a leading player in the renewable energy sector in Pakistan.
Albario Engineering Private Limited (AEPL) is a leading one-stop solution provider for energy, industrial solutions, and infrastructure. Based in Lahore, the company offers diverse business activities, including Engineering, Procurement & Construction (EPC), Civil Construction, Electromagnetic Contracting, and Operations & Maintenance (O&M). With the support of financing from Karandaaz, AEPL is well-positioned to expand its presence in the energy-efficient transformer market and create new employment opportunities in this segment. With the aim of improving the overall energy transmission and distribution network in Pakistan, AEPL intends to introduce more energy-efficient transformers to the network. This move will drive the country towards a more sustainable and efficient energy future.
REON Energy Limited is a leading provider of renewable energy solutions, operating as a wholly owned subsidiary of Dawood Lawrencepur Limited. Established in September 2014, the company is dedicated to the trading and construction of renewable energy projects, primarily focused on solar power, for commercial and industrial clients. With the support of financing from Karandaaz, REON Energy Limited is poised to expand its project pipeline and actively contribute to the promotion of sustainable energy in Pakistan, in alignment with the United Nations Sustainable Development Goals. The funding will enable the company to create employment opportunities in the renewable energy sector, while also generating a positive economic impact on Pakistan.