PSX:HUBC STOCK INFORMATION
Date
Dec , 08 2017
Closing Rate 94.07
Volume
1,692,800

Company Profile

As Pakistan’s first independent power producer, the Hub Power Company Limited has a combined power generation capacity of over 1600 MW. The Company’s RFO-fired thermal Plant, situated at Mouza Kund, Hub in Baluchistan, supplies net 1200MW of reliable and uninterrupted electricity to the National grid. Its Narowal Plant is an RFO-fired, engine based, combined cycle power station, located at Mouza Poong, Narowal in Punjab. Additionally, the Company holds 75% controlling interest in Laraib Energy Limited which owns and operates a run-off-the-river hydel power Plant near the New Bong Escape, 8 km downstream of Mangla Dam in Azad Jammu and Kashmir.

To launch new initiatives, the Company has formed wholly-owned subsidiaries. For investing in the imported coal based 1,320MW power project and other future growth initiatives, the Company has incorporated Hub Power Holdings Limited (HPHL).

Hub Power Services Limited (HPSL), a wholly owned subsidiary, has been incorporated to manage O&M of its existing power assets, its future projects and explore onshore and offshore O&M business opportunities.

Another wholly-owned subsidiary, Narowal Energy Limited, has taken over the assets and liabilities of Narowal Plant post its demerger under the repealed Companies Ordinance, 1984.

To set up a 330 MW mine mouth coal power Plant at Thar Coal Block II Sindh, the Company has established Thar Energy Limited, as a wholly-owned subsidiary of The Hub Power Co. Ltd. To undertake the imported coal-based power project through HPHL, Company has set up China Power Hub Generation Company (Pvt.) Ltd. (CPHGC) with its joint venture partner China Power International Holdings (CPIH).

The Company is also investing USD 20 million in Sindh Engro Coal Mining Company Limited (SECMC), a joint venture between Hubco, Engro, Thal Limited, HBL, CMEC, and Government of Sindh, to develop a coal mine at Thar which has the seventh largest reserve of coal in the world.

The Company is listed on the Pakistan Stock Exchange. The Global Depository Receipt of the Company has been delisted from Luxembourg Stock Exchange as no trading had taken place in the last few years.
Vision

Fueling lives through energy.

Mission

To be a growth-oriented company recognized for international standards in safety and environment in providing reliable and affordable energy; serving the country, its stakeholders and local community as a responsible corporate citizen

Core Values
  • Passion
  • Ownership
  • Winning
  • Enjoyment
  • Renewal
Group Structure