The Hub Power Company Limited, (حب پاور کمپنی لمٹیڈ) colloquially known as HUBCO, is the first and largest Independent Power Producer (IPP) in Pakistan, with a combined installed power generation capacity of 3,581 MW.[2]
 | |
 HUBCO HQ at Ocean Tower in Karachi | |
| Company type | Public Listed |
|---|---|
| PSX: HUBC | |
| Industry | Electricity generation, energy & oil & gas |
| Founded | 1995 |
| Headquarters | , Pakistan |
Area served | Pakistan |
Key people |
|
| Revenue |  Rs. 114.26 billion (US$400 million)[1] (2023) |
| Rs. 70.41 billion (US$240 million)[1] (2023) | |
| Rs. 62.00 billion (US$210 million)[1] (2023) | |
| Total assets | Rs. 405.56 billion (US$1.4 billion)[1] (2023) |
| Total equity | Rs. 158.03 billion (US$550 million)[1] (2023) |
Number of employees | 809[1] (2023) |
| Website | www |
HUBCO is the only power producer in Pakistan with four projects listed in the China-Pakistan Economic Corridor (CPEC), Thar Energy Limited, ThalNova Power Thar (Private) Limited, Sindh Engro Coal Mining Company and China Power Hub Generation Company. The stock of HUBCO is traded on the Pakistan Stock Exchange.[3][4]
Group Structure edit
Subsidiaries
- Narowal Energy Limited (NEL): Wholly owned by HUBCO. It manages and operates the Narowal Power Plant[5][3]
- Hub Power Services Limited (HPSL): Wholly owned subsidiary of HUBCO
- Hub Power Holdings (HPHL): Incorporated to invest in future growth projects
- Thar Energy Limited (TEL): HUBCO has 60% shareholding in TEL which is setting up a 330-megawatt (MW) Thar Lignite Coal-based mine mouth Power Plant and is a part of the China-Pakistan Economic Corridor (CPEC)
- Laraib Energy Limited (LEL): HUBCO owns 74.95% of LEL which is the owner and developer of the New Bong Escape Power Project[3]
Associates
- China Power Hub Generation Company (CPHGC) is the project company for the development, construction and operation of 2×660 MW Coal-fired Power Plant in Hub, Balochistan near the Hub plant. HUBCO has 46% stake in CPHGC[3]
- Sindh Engro Company Limited (SECMC) is an open-pit mining company in which HUBCO has 8% stake[3]
- ThalNova Power Thar (Pvt.) Ltd. is a 330 MW mine-mouth lignite fired power plant in which HUBCO has acquired majority shares[6]
Plants currently providing electricity to Pakistan edit
- Hub Plant (1,292 MW) is located 60 km from Karachi in Hub. The electricity at Hub is generated by four 323 megawatt oil-fired units that are supplied by a 78 km long pipeline from Pakistan State Oil. It consists of four generating units, each unit has capacity of 323 MW gross output, with an oil-fired single re-heat boiler and tandem compound and two cylinder condensing steam turbines directly coupled to a hydrogen cooled generator.[7]
- Narowal Power Plant (225 MW) located in Narowal, Punjab consists of 11 generating sets, 11 Alborg Heat Recovery Steam Generators and one air cooled condensing Steam Turbine from Dresser Rand.[5]
- New Bong Escape Power Project (84 MW), located in Mirpur, Azad Jammu& Kashmir, commenced commercial operations on 23 March 2013 and has the distinction of being Pakistan and AJ&K's first hydropower IPP. The Project uses the water discharged from an upstream already existing hydropower plant located at Mangla Dam.[8]
- China Power Hub Generation Company (CPHGC) Power Plant (1320 MW) is an imported coal-based plant supplying energy to the national grid and located at Hub. The CPHGC plant consists of two generating units each rated at 660 MW Gross, with each unit having GE supercritical boilers, steam turbine and generator sets.[3][9]
- Thar Energy Limited (TEL) Project is a lignite-based 330 MW project. The project achieved commercial operations on 10th October, 2022.
- ThalNova Power Thar Pvt. Ltd (TNPTL) is also a 330 MW mine-mouth lignite-fired power plant similar to TEL. Commercial operations of the project commenced in February 2023.
Other projects edit
- Sindh Engro Company Limited (SECMC) has developed a coal mine at Thar which has the seventh largest reserves of coal in the World. SECMC achieved Commercial Operations for Phase I in July, 2019 and will be embarking to double its coal mining capacity to supply fuel to HUBCO's Thar Energy Limited and ThalNova projects which are under construction.[10]
- Prime International Oil & Gas Company a newly established joint venture (JV) between Eni Pakistan local employees and Hub Power Company acquired Eni's assets in Pakistan. These assets include interests in eight development and production leases and four exploration licences.
See also edit
References edit
- ^ a b c d e f "Hub Power Annual Report 2023" (PDF). hubpower.com. Retrieved 8 December 2023.
- ^ "HUBCO company profile".
- ^ a b c d e f Hussain, Dilawar (24 September 2018). "Further growth for Hub Power Company". Dawn. Pakistan. Retrieved 20 June 2021.
- ^ Hussain, Dilawar (6 November 2001). "Hub Power Company: CORPORATE PROFILE". Dawn. Pakistan. Retrieved 20 June 2021.
- ^ a b "Hubco to set up 225 MW plant at Narowal". The Nation (newspaper). 24 June 2008. Retrieved 20 June 2021.
- ^ "Hubco Analyst Briefing Feb, 2020" (PDF).
- ^ "Power Generation & Distribution: THE HUB POWER COMPANY LIMITED – Year Ended June 30, 2005 (Audited)". Business Recorder (newspaper). 8 December 2005. Retrieved 20 June 2021.
- ^ "Laraib Energy".
- ^ "HUBCO Annual Report 2019" (PDF).
- ^ "Hubco generation capacity doubles in six years: Chairman". Business Recorder (newspaper). 17 March 2018. Retrieved 20 June 2021.