The Hub Power Company
As a significant contributor to the economic development of Pakistan, the Hub Power Company has come a long way, sharing various challenges and triumphs that our country has offered. Our story began some 20 years ago when a consortium of international investors, governments and commercial banks came together to finance a major infrastructure project in a developing country like Pakistan. And today, we stand at a distinctive position where our growth leads to development of the entire country.
Situated strategically at the Hub River estuary, Baluchistan, The Hub Power Company is the first and largest Independent Power Producer (IPP) in Pakistan to be financed by the private sector in Southern Asia and one of the largest private power projects. Today, the Hub Power Company is listed on the Karachi, Lahore and Islamabad Stock Exchanges and its Global Depository Receipts are listed on the Luxembourg Stock Exchange.
With the combined production capacity of over 1600 MW and a firm commitment to provide long-term solution to the energy challenges, HUBCO and its subsidiaries are well positioned to emerge as the “Hub of Power” for Pakistan. Over the years, HUBCO has become one of the leading players in the corporate sector, with a culture driven by performance and merit.
Hub Plant is the most efficient steam turbine plant in the country. HUBCO is the only IPP to go into expansion and has set up at 213 MW plant at Narowal. We are also proud owners of Pakistan’s first renewable energy IPP, namely Laraib Energy which is a run-of-the river hydel based power project.
HUBCO is redefining its business operations in a fundamental way. We are working to promote sustainable development and are integrating our endeavors of profitable growth with the initiatives of environmental protection and uplifting the quality of life of the present and future generations. We have undertaken projects that will enable us to meet the need for global sustainable development while enhancing shareholder value.
We are enhancing our operational excellence to become a strategic asset for increasing industry competitiveness and encourage a socially responsive corporate culture. Our social investments are primarily centered on areas near our plant sites with full involvement, contribution and engagement of the community. We contribute 1% of our profit after tax on CSR activities and are managing a series of programs in the field Community Physical Infrastructure, Education, Health and Livelihood Interventions.
Fueled with the vision to continue to be energy leader in Pakistan, we are working to constantly improve our standards and explore sustainable ways of producing energy.
Our commitment to Pakistan has been firm and we continue to align our corporate interests with the needs and strengths of the country. We believe that our projects will enable us to serve in the best interest of the country and provide long-term and sustainable solutions to Pakistan’s energy challenges.