Milestones

Government of Pakistan and World Bank developed a strategy for private investment in the Pakistan power sector

1985

1988

Completion of feasibility of 1,292 MW oil-fired power project in an area near the Hub river estuary

The Hub Power Company Limited (HUBCO) is incorporated in Pakistan as a limited liability company to undertake the project

1991

1995

Financial close of Hub Power Plant, 1st project funded by the World Bank

Hub (1,292 MW) Construction completion of the oil-fired IPP – 1st in the history of Pakistan

1997

2011

Narowal (225MW) HUBCO-Narowal Power Plant, Thermal Power Project Narowal

Laraib (84 MW) Run-of-the-river Hydel Plant at Mirpur AJ&K – 1st Hydel IPP of Pakistan

2013

2015

Subsidiaries Established:

1. Hub Power Services Ltd. (HPSL)

2. Hub Power Holdings Ltd. (HPHL)

3. Narowal Energy Ltd. (NEL)

O&M:

HUBCO (HPSL) undertakes O&M of Hub Plant on August 1, 2015  

HUBCO (HPSL) undertakes O&M of Narowal Plant (225MW) on April 22, 2016

2016

2018

Acquisition of 330MW ThalNova Power Thar (Pvt.) Ltd. in Thar Block II 

a. HUBCO (HPSL) undertakes O&M of Laraib Energy Limited

Increase of shareholding in 1320MW CPHGC from 26%
to 47.5%.
HUBCO (HPSL) signs a contract for the mobilization,
operations, maintenance and
overhauling of TEL (330MW) & TNPTL (330MW)

2019

2020

HUBCO achieves Financial Close of 330MW Thar Energy Limited and ThalNova Power Thar (Pvt.) Limited

HUBCO, formation of PIOGCL which is 50:50 JV to acquire ENI Pakistan’s business

2021

2022

HUBCO, undertakes the O&M of CPHGC through CPHOC.
Inauguration of 330MW Thar Energy Limited at Thar block II