Hub Power Company Limited, colloquially known as HUBCO, is the first and largest Pakistani Independent Power Producer with a combined installed power generation capacity of 2920 MW. HUBCO is the only power producer in Pakistan with four projects listed in the China-Pakistan Economic Corridor, out of which three are under construction — Thar Energy Limited, Thalnova Power Thar Ltd and Sindh Engro Coal Mining Company whereas China Power Hub Generation Company is already contributing electricity to the national grid.
Organisation structure
Subsidiaries
Narowal Energy Limited : Wholly owned by HUBCO. It manages and operates the Narowal Power Plant.
Hub Power Holdings : Incorporated to invest in future growth projects.
Thar Energy Limited : HUBCO has 60% shareholding in TEL which is setting up a 330-megawatt Thar Lignite Coal-based mine mouth Power Plant and is a part of the China-Pakistan Economic Corridor.
Laraib Energy Limited : HUBCO owns 74.95% of LEL which is the owner and developer of the New Bong Escape Power Project.
Associates
China Power Hub Generation Company 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.
Sindh Engro Company Limited is an open-pit mining company in which HUBCO has 8% stake.
ThalNova Power Thar Ltd. is a 330 MW mine-mouth lignite fired power plant in which HUBCO has acquired majority shares.
Management team
, CEO HUBCO
, CEO Hub Power Holdings Limited
, CEO Hub Power Services Limited
, CEO Laraib Energy Limited
, CEO Thar Energy Limited & ThalNova Power Thar Pvt. Ltd.
, CFO HUBCO
, Technical Director
, Resident Manager
, Director HR & New Ventures
, Company Secretary, Director Legal & Public Relations
Plants currently providing electricity to Pakistan
Hub Plant 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. Hub Plant is the most efficient steam turbine plant in the country.
Narowal Power Plant 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.
New Bong Escape Power Project, 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.
China Power Hub Generation Company Power Plant 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.
Other projects
Sindh Engro Company Limited 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
Thar Energy Limited Project is a lignite-based 330 MW project which is underway and is targeted for completion by end of March 2021.
ThalNova Power Thar Pvt. Ltd is also a 330 MW mine-mouth lignite-fired power plant similar to TEL.
History
In 1997, the construction of Hub Power Plant, the first oil-fired IPP in Pakistan, was completed
In 2011, the 225 MW Narowal Thermal Power Project reached completion.
In 2013, Laraib Run of the River Hydel Plant was constructed. It was the first hydel IPP in Pakistan.
In January 2015, HUBCO announced that it will set up 1,320 MW coal-based power plants next to its thermal power station at Hub in Balochistan. The two plants would be initially run on imported coal for which a coal jetty would also be developed..
In 2018, partial shares were taken over by Mega Conglomerate Pvt. Ltd. This resulted in the Chairmanship being relinquished by Hussain Dawood and assumed by Habibullah Khan.
In 2018, HPHL acquired 37% stake in ThalNova Power Thar Ltd.
In 2019, the 1320 MW China Power Hub Generation Company Private Limited Project with integrated Jetty started operations.
A lignite-based 330 MW Thar Energy Limited Project in Thar Block II is underway and expected to be completed in 2021
Growth aspirations
Water Solutions: Aim to solve the water crisis in the country through water desalination and purification projects.
Renewable Energy: Expansion of business by venturing into wind energy projects
The company has set up initiatives to develop communities around its plants. It provides education and healthcare by setting up schools and medical facilities. The Company improves the physical infrastructure of the local communities by providing clean water and installing solar systems. It helps improve the livelihood of the local populace through projects such as the HUBCO Rahnuma Program where employees volunteer their time, skills, and efforts to develop communities near plants. HUBCO aims to hire local workers and in line with this provides vocational training programs.
Awards and accolades
Top 7th in the “Billion Dollar” Club since 2009
First Independent Power Producer in the world
Won the PSX Top 25 Companies Award in 2002, 2003, 2010, 2017 and 2018
Digital Innovator of the Year in Optimizing Operations Category awarded by General Electrics in 2017
