{"id":16145,"date":"2024-01-26T15:33:56","date_gmt":"2024-01-26T15:33:56","guid":{"rendered":"https:\/\/riaabarkergillette.com\/pk\/?p=16145"},"modified":"2024-05-02T13:59:13","modified_gmt":"2024-05-02T13:59:13","slug":"faisal-spinning-mills-renewable-wind-plant-deal","status":"publish","type":"post","link":"https:\/\/riaabarkergillette.com\/pk\/news-story\/faisal-spinning-mills-renewable-wind-plant-deal\/","title":{"rendered":"Faisal Spinning Mills signs renewable wind plant deal to cut energy costs"},"content":{"rendered":"\n

Our client, Faisal Spinning Mills Limited<\/a> (FSML), recently signed an agreement with Orient Energy Systems Private Limited (Orient Energy) to establish a 4.5MW renewable wind power plant in Nooriabad.<\/p>\n\n\n\n

RIAA Barker Gillette (Pakistan) acted for FSML on this renewable captive power project. We advised on regulations, taxation and other key areas and represented FSML in price negotiations, delivery, and performance liquidated damages. Our legal counsel covered assessing and mitigating risks, identifying opportunities and bringing the transaction to fruition.<\/p>\n\n\n\n

The agreement comes at a time when implementing sustainable energy solutions is becoming increasingly necessary for industries across Pakistan. As grid electricity and fuel costs continue rising, textile, cement, and other energy-intensive industries are turning to sustainable captive power. Wind and solar plants provide attractive options to supplement and replace grid electricity and fuel generators.<\/p>\n\n\n\n

\n

“We were privileged to play an integral role in this renewable energy project between FSML and Orient Energy by providing strategic legal counsel and contributing to our client\u2019s adoption of a forward-thinking and environmentally sustainable energy solution.”<\/p>\nBilal Shaukat<\/a>, the Managing Partner of RIAA Barker Gillette (Pakistan)<\/cite><\/blockquote>\n\n\n\n

RIAA Barker Gillette (Pakistan) is at the forefront in advising numerous textile, cement, and FMCG companies in their pursuit of captive renewable power solutions.<\/p>\n\n\n\n

We look forward to continuing our work in shaping the future of sustainable energy solutions for industries across the industry.<\/p>\n\n\n\n

Please contact Managing Partner Bilal Shaukat<\/a> for legal advice on implementing a renewable wind plant or other sustainable energy solutions for industries.<\/strong><\/p>\n\n\n\n

\n

This article is not legal advice; it provides information of general interest about current legal issues.<\/em><\/p>\n\n\n\n

\n\n\n\n

RIAA Barker Gillette is Pakistan\u2019s premier law firm, with an on-the-ground presence in four major cities in Pakistan: Karachi, Islamabad, Lahore, and Peshawar, and affiliated offices in Dubai (DIFC) and London. <\/p>\n\n\n\n

The firm practices in all areas of corporate, commercial and dispute resolution law. Leading international legal directories consistently recognize the firm as a top-tier law firm in Pakistan.<\/p>\n\n\n\n

\"Lex<\/figure>\n\n\n\n

RIAA Barker Gillette is the exclusive member firm in Pakistan for Lex Mundi<\/a>, the world\u2019s leading network of independent law firms with in-depth experience in over 125 countries worldwide.  <\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

Faisal Spinning Mills partners with Orient Energy Systems to establish a 4.5MW wind farm. The captive power solution allows the textile company to address Pakistan’s rising energy expenses.<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","footnotes":""},"categories":[9],"tags":[44],"class_list":["post-16145","post","type-post","status-publish","format-standard","hentry","category-news-story","tag-projects-and-project-finance"],"acf":[],"yoast_head":"\nRenewable wind plant: Faisal Spinning Mills signs deal - RIAA Barker Gillette PK<\/title>\n<meta name=\"description\" content=\"RIAA BG advises Faisal Spinning Mills on a deal with Orient Energy Systems to build a 4.5MW renewable wind plant to combat rising costs.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/riaabarkergillette.com\/pk\/news-story\/faisal-spinning-mills-renewable-wind-plant-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Renewable wind plant: Faisal Spinning Mills signs deal - 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