INFRAZAMIN Pakistan and Saudi Pak Industrial and Agricultural Investment Co Ltd signed a landmark transaction to provide an 11.5-year Distributed Solar Financing Facility to Acumen Energy Limited for Rs1.28 billion as per a press release. The facility will be backed by a Rs1.04bn credit guarantee to Saudi Pak and will mark InfraZamin`s first foray into renewable energy.

The transaction, supported by the Private Finance Advisory Network and Capital Resource as the advisors, will enable Acumen Energy Limited to finance the development of approximately 12MW of solar power projects.

Maheen Rahman, CEO of InfraZamin Pakistan, stated: `By providing a credit guarantee for renewable energy projects, InfraZamin is paving the way for affordable and clean energy solutions that align with Pakistan`s climate goals.` m