Burj Clean Energy Modaraba Raises PKR 1 Billion in Green Sukuk to Power Pakistan’s Sustainable Future.
Burj Clean Energy Modaraba (BCEM) has successfully raised PKR 1 Billion through the upsized issuance of our second Short-Term Sukuk, marking a significant achievement in Pakistan’s green energy sector. The Sukuk was oversubscribed, showcasing strong investor confidence in BCEM’s innovative approach to driving sustainable growth in the country’s renewable energy landscape.
This capital raise will be instrumental in supporting our expanding portfolio of green energy projects, including large-scale wind, solar, and Battery Energy Storage Systems (BESS). In addition, the funds will enable further expansion into Pakistan’s electric vehicle (EV) ecosystem, financing both EVs and the critical charging infrastructure necessary to support the country’s shift toward e-mobility.
The unsecured, privately placed instrument earned a preliminary rating of ‘A1’ from VIS Credit Rating Company Limited, underscoring its robust credit profile. The issuance was facilitated by a premier consortium of advisors, including Next Capital Limited (Financial Advisor), Mohsin Tayebaly & Co. (Legal Counsel), and Alhamd Shariah (Shariah Advisor).
BCEM is also grateful for the continued support from our esteemed investors: HBL Asset Management Limited, Alfalah Investments, and JS Investments, whose confidence in our mission strengthens our commitment to leading Pakistan’s energy transition.
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