Hub Power Company

The Hub Power Company Limited
Industry Power
Founded 1994 (1994)
Headquarters Hub, Balochistan, Pakistan
Area served
 Pakistan
Key people
 M. Habibullah Khan (Chairman)
Owner Mega Conglomerate (PVT.) LIMITED (19 percent)
Allied Bank Limited (10 percent)
Website www.hubpower.com

Pakistan’s first independent power producer, The Hub Power Company Limited has a combined power generation capacity of over 1600 MW. The company’s RFO-fired thermal plant, situated at Mouza Kund, Hub in Baluchistan, supplies 1200 MW net of reliable and uninterrupted electricity to the National grid. Its Narowal Plant is an RFO-fired, engine-based, combined cycle power station with a net capacity of 213 MW, located at Mouza Poong, Narowal in Punjab. Additionally, the company holds 75% controlling interest in Laraib Energy Limited which owns and operates an 84 MW run-of-the-river hydel power plant near the New Bong Escape, 8 km downstream of Mangla Dam in Azad Jammu and Kashmir.

The company has formed wholly owned subsidiaries to launch new initiatives. The company has incorporated Hub Power Holdings Limited (HPHL) for investing in the imported coal-based 1,320 MW power project with integrated jetty and other future growth initiatives. To undertake the imported coal-based power project through HPHL, Company has set up China Power Hub Generation Company (Pvt.) Ltd. (CPHGC) with its joint venture partner M/s China Power International Holdings (CPIH).

Hub Power Services Limited (HPSL), a wholly owned subsidiary manages O&M of its existing power assets, its future projects and explore onshore and offshore O&M business opportunities. HPSL is currently operating the Hub, Narowal & Laraib Plants. The company’s wholly owned subsidiary, Narowal Energy Limited (NEL) owns a 225 MW Narowal Power Plant.

The company has established Thar Energy Limited (TEL), to set up a 330 MW mine mouth lignite-fired power plant at Thar Coal Block II Sindh. The company has signed a shareholders’ agreement with Fauji Fertilizer Company Limited (FFCL) and CMEC TEL Power Investments Limited (CMEC Dubai) for equity investment of 30% and 10% respectively in the project.

The company is also investing US$20 million in Sindh Engro Coal Mining Company Limited (SECMC), a joint venture between the company, Engro, Thal Limited, HBL, CMEC and Government of Sindh, to develop a coal mine at Thar which has the seventh largest reserves of coal in the world.

In 2018, Dawood Group, which was majority shareholder in the company, sold its entire shareholding of The Hub Power Company Limited (HUBCO) to Mega Conglomerate (Private) Limited.

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