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
STOCK INFORMATION
PSX HUBC
Investor complaints / Investor relations
Muhammad Yasir, Senior Officer – Corporate Governance
Contact No: +92 21 3587 4677-86, +92 21 3583 9018 Ext:473
Email: M.Yasir@hubpowercom
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Site Last Updated on 22 Jun 2023