Company Announcement – Laraib Energy Limited

Karachi: December 02, 2009: We are please to inform you that the Government of Pakistan has today executed the GOP Guarantee thereby accepting the Financial Close of Hubco’s 75% owned Subsidiary Laraib Energy Limited which is setting up the 84-MW First Hydel IPP of Pakistan. The construction activities will commence shortly.

HUBCO DECLARES FINANCIAL RESULTS (UNAUDITED) FOR THE 1st QUARTER ENDED SEPTEMBER 30, 2009

Karachi: October 28, 2009: The Board of Directors of the Hub Power Company in their meeting held at the Head Office of the Company has approved the Un-audited Financial Results for the Company's first quarter ended September 30, 2009. A spokesperson of Hubco has informed that the consideration of an Interim Dividend was not at the agenda at their meeting.

ELECTION OF DIRECTORS

October 01, 2009: The Hub Power Company Limited is pleased to announce that the Company’s shareholders have elected twelve Directors for a period of three years from the date of AGM i.e. September 30, 2009 in the 18th Annual General Meeting held in Islamabad.

We give below the names of the twelve Directors that have been elected by the Shareholders commencing from September 30, 2009.

1. Mr. Mohamed A. Alireza, H.I.
2. Mr. Yousuf Ahmed Y. Alireza
3. Dr. Fereydoon Abtahi
4. Mr. Robin A. Bramley
5. Mr. Malcolm P. Clampin
6. Mr. Taufique Habib
7. Mr. Vince R. Harris, OBE
8. Mr. Jawaid Iqbal
9. Mr. Qaiser Javed
10. Mr. Ali Munir
11. Mr. S. Nizam A. Shah
12. Mr. M. Ashraf Tumbi

The Full Board comprises fifteen Directors of which twelve are elected, in addition we have two nominee Directors and the Chief Executive who is also a Director.

HUBCO BOARD OF DIRECTORS ANNOUNCE FINAL DIVIDEND

Karachi: August 12, 2009: Hubco is pleased to announce that at the meeting of its Board of Directors held in Karachi, have recommended a Final Dividend of Rs.2/- per share i.e. 20% for the year ended June 30, 2009. Today’s announcement is in addition to Rs.1.35 per share i.e. 13.5% interim dividend paid in April 2009.

The Annual General Meeting (AGM) of the Company is due to be held in Islamabad on September 30, 2009 to approve the annual accounts of the Company and approve and declare the total dividend.

Click Here for Accounts 2009

Posted at 16:30 PST

HUBCO DECLARES FINANCIAL RESULTS (UNAUDITED) FOR THE 3rd QUARTER ENDED MARCH 31, 2009

Karachi: April 29, 2009: The Board of Directors of the Hub Power Company in their meeting held at London, UK, has approved the Un-audited Financial Results for the Company's third quarter ended March 31, 2009. A spokesperson of Hubco has informed that the consideration of an Interim Dividend was not at the agenda at their meeting.

HUBCO Narowal Project - Financial Close

March 12, 2009

The General Manager,
The Karachi Stock Exchange (Guarantee) Limited
Stock Exchange Building, Stock Exchange Road,
Karachi.

Dear Sir,


Company Announcement – Hubco Narowal Project

We are pleased to inform you that the Financial Close of the Hubco Narowal 225 megawatts RFO fired Project has now been achieved. Construction activities are already in progress and we target Commercial Operation by March 2010.

We would be grateful if you will kindly inform the members of your Exchange accordingly.

With kind regards,



Arshad A. Hashmi
Company Secretary

HUBCO Board Announces 13.5 percent Interim Dividend

Karachi: February 25, 2009: The Board of Directors of the Hub Power Company met in Karachi to approve an Interim Dividend for the year ending June 30, 2009.

The Board is pleased to announce an Interim Dividend at Rs.1.35 per share i.e.13.5%. The Interim Dividend will be paid to the shareholders whose names appear in the Register of Members at the close of business on March 18, 2009.

The Share Transfer Books will remain closed from March 19, 2009 to March 27, 2009 (both days included.)

Shareholders (Non-CDC) are requested to promptly notify the Company’s Registrar M/s. FAMCO Associates (Pvt) Limited, 2nd Floor Capital Shopping Centre, G 11 Markaz, Islamabad of any change in their addresses. All the CDC Shareholders are requested to please update the address with their respective CDC Participants. This will ensure that the Dividend Warrants are dispatched at the correct address.



Posted At Feb 25, 2009 13:52 PST

Hubco Announces First Quarter 2008 Results

Karachi: October 29, 2008: The Board of Directors of the Hub Power Company in their meeting held at the Head Office of the Company has approved the Un-audited Financial Results for the Company’s first quarter ended September 30, 2008. A spokesperson of Hubco further advised that the Board of Directors have not declared any Interim Dividend at this meeting.

Notice to the Shareholders for fresh venue and date of AGM

Karachi: September 22, 2008: It is notified for the information of all our shareholders that the 17th Annual General Meeting of the Company scheduled to be held on Monday September 22, 2008 and was postponed due to the tragic incident at Marriot Hotel, Islamabad will now be held on Monday, September 29, 2008 at 12 Noon at 20-G, St.No.10, Sector F-8/3 Islamabad. The Agenda of the meeting as already published on August 27th, 2008 and circulated to all shareholders remains unchanged. Necessary permission from the Karachi Stock Exchange has been received.

Hubco Announces Rs. 1 Final Dividend

Karachi: August 5, 2008: Hubco is pleased to announce that at the meeting of its Board of Directors held in Karachi, have recommended a Final Dividend of Rs.1/- per share i.e. 10% for the year ended June 30, 2008. Today’s announcement is in addition to Rs.1.15 per share i.e. 11.5% interim dividend paid in April 2008.

The Annual General Meeting (AGM) of the Company is due to be held in Islamabad on September 22, 2008 to approve the annual accounts of the Company and approve and declare the total dividend.

Posted: Aug 05, 15:10 PST

HUBCO to set up first Hydropower Project in Private Sector

Karachi, Monday August 04, 2008: The Hub Power Company Limited (HUBCO), the country’s leading independent power producer (IPP) is announcing that it has acquired 75 percent controlling interests in Laraib Energy Limited (LARAIB) and will be setting up the first hydropower project in Pakistan by an IPP. The project is an 84 MW, run of the river hydropower generating complex being set up about 8 KM downstream of Mangla Dam.

“HUBCO has always believed in safeguarding the environment and its strong commitment to environment is reflected by continual improvement to the environmental management systems and procedures. Its existing 1,292 MW power station is compliant with World Bank Guidelines on Environment and the plant has been successfully accredited under ISO 14001 Standard for the last several years.” stated Javed Mahmood, the Chief Executive of HUBCO. He further added that “Acquisition of the 84 MW renewable energy project goes further to demonstrate HUBCO’s commitment to safer environment. Implementation of the project will also contribute towards Clean Development Mechanism under the Kyoto Protocol.”

The Laraib project has been under progress for a long time and Hubco has now acquired it with the objective of doing everything necessary to ensure its timely completion. HUBCO plans to commence construction activity before the end of the year.

The electricity to be generated from this renewable energy project will be supplied to the National Transmission and Dispatch Company Limited (NTDC).

Speaking about Hubco’s continuing investment in the energy sector, Javed Mahmood pointed out that Hubco was the first IPP to set up a thermal power plant at Hub and now it will be the first IPP to establish a hydel power project. This, he emphasized, clearly demonstrated Hubco’s commitment to Pakistan. He went on to say that for several years Hubco’s motto was Partners in Progress and the company fully lived up to this by supplying at times up to 10 percent of the country’s total electricity generation. Now the Company’s motto is Growth through Energy and this is reflected in Hubco contributing to the country’s growth by enhancing its generation capacity through new energy projects. Posted : August 04, 2008: 1:55 PM PST

HUBCO to setup 225 MW Power Plant at Narowal

Karachi, June 23 2008 – One of Pakistan’s largest independent power producer The Hub Power Company Limited announces that it has received the Government of Pakistan’s formal approval for setting up a combined cycle power plant based on Reciprocating Engines Technology with an investment of about US$ 300 million and having an ISO installed capacity of 225 MW. Tariff structure for this new plant has recently been agreed with the National Electric Power Regulatory Authority and The Letter of Support has also been received from the Private Power Infrastructure Board, Government of Pakistan and all equipment supply and construction contracts have also been finalized. This Plant is being set up in District Narowal, Punjab and will start supplying electricity to our National Grid from end March 2010, thereby helping in reducing the acute power shortage in the country. The Narowal Plant is powered by 11 of the largest, 18 cylinder, V configuration versions of the most powerful four-stroke engine of MAN Diesel’s stationary power generation programme. The engines will burn Residual fuel oil (RFO) and will operate in a combined cycle arrangement with a total net electrical capacity of 213.60 MW at Site condition. The output of the 11 generator sets is complemented by a steam turbine generator driven by steam produced from the engine exhaust gases. Mr. Javed Mahmood, Chief Executive, Hubco emphasized that “This new investment by Hubco reflects our desire to be a part of the solution to the burgeoning energy crisis in Pakistan. We are fully committed to Pakistan’s development and progress and will continue to look at power projects even beyond this second plant in the years to come.”

Hubco Declares Financial Results (Unudited) for the 3rd Qurter Ended March 31, 2008

Karachi: April 29, 2008: The Board of Directors of the Hub Power Company in their meeting held at Istnbul, Turkey have approved the Un-audited Financial Results for the Company's third quarter ended March 31, 2008. A spokesperson of Hubco further advised that the Board of Directors have not declared any Interim Dividend at this meeting. Posted at 15:45 PST, April 29, 2008

HUBCO Board Announces 11.5 percent Interim Dividend

Lahore: February 13, 2008: The Board of Directors of the Hub Power Company met in Lahore to approve an Interim Dividend for the year ending June 30, 2008. The Board is pleased to announce an Interim Dividend at Rs.1.15 per share i.e. 11.5%. The Interim Dividend will be paid to the shareholders whose names appear in the Register of Members at the close of business on March 13, 2008. The Share Transfer Books will remain closed from March 14, 2008 to March 24, 2008 (both days included.) Shareholders (Non-CDC) are requested to promptly notify the Company’s Registrar M/s. Ferguson Associates (Pvt) Ltd., State Life Building No. 2A, 4th Floor, Wallance Road, Off: I.I Chundrigar Road, Karachi of any change in their addresses. All the CDC Shareholders are requested to please update the address with the CDC Participants. This will ensure that the Dividend Warrants are dispatched at the correct address.

Posted on Web at 16:11 PST

Unit No. 4 Scheduled Maintenance Outage

The General Manager
The Karachi Stock Exchange (Guarantee) Limited
Stock Exchange Building, Stock Exchange Road,
Karachi


Dear Sir,

Unit No. 4 Scheduled Maintenance Outage

This is to inform you that Unit No. 4 was on a scheduled maintenance outage for its first major overhaul for 79 days from October 12, 2007. During inspection certain extra rehabilitation works need to be undertaken for which additional spares have been resourced on an urgent basis. This will result in the Company availing the allowances permissible under our Power Purchase Agreement and we do not envisage any financial penalties on the Company. It is expected that this Unit will return to service in March 2008.

Kindly inform your members accordingly.

Kind regards


Arshad A. Hashmi
Company Secretary

News updated on 10:56 AM November 08, 2007

Financial Results - 1st Quarter Ended September 30, 2007

Karachi: October 31, 2007 The Board of Directors of the Hub Power Company in their meeting held at the Head Office of the Company has approved the Un-audited Financial Results for the Company's first quarter ended September 30, 2007. A spokesperson of Hubco further advised that the Board of Directors have not declared any Interim Dividend at this meeting. Financial Results (Unaudited) for the 1st Quarter Ended September 30, 2007

HUBCO BOARD OF DIRECTORS ANNOUNCE FINAL DIVIDEND

Karachi: September 05, 2007: Hubco is pleased to announce that at the meeting of its Board of Directors held in Karachi, have recommended a Final Dividend of 16% (Rs. 1.60 per share) for the year ended June 30, 2007. Today's announcement is in addition to 12.5% (Rs. 1.25 per share) interim dividend paid in April 2007. The Annual General Meeting (AGM) of the Company is due to be held in Islamabad on October 24, 2007 to approve the annual accounts of the Company and approve and declare the total dividend.

HUBCO DECLARES FINANCIAL RESULTS (UNAUDITED) FOR THE 3RD QUARTER ENDED MARCH 31, 2007

Karachi: April 25, 2007: The Board of Directors of the Hub Power Company in their meeting held at Hubco Head Office have approved the Un-audited Financial Results for the Company’s third quarter ended March 31, 2007. A spokesperson of Hubco further advised that the Board of Directors have not declared any Interim Dividend at this meeting.

HUBCO Board Announces 12.50 percent Interim Dividend

Karachi: February 13, 2007 - The Board of Directors of the Hub Power Company Limited met in London to approve an Interim Dividend for the year ending June 30, 2007.

The Board is pleased to announce an Interim Dividend at Rs. 1.25 per share i.e. 12.50%. The Interim Dividend will be paid to the Shareholders whose names appear in the Register at the close of business on March 14, 2007.

The Share Transfer Books will remain closed from March 15, 2007 to March 26, 2007 (both dates included.)

Shareholders (Non-CDC) are requested to promptly notify the Company's Registrar M/s Ferguson Associates (Pvt) Ltd., State Life Building No. 1A, Ground Floor, I.I. Chundrigar Road, Karachi of any change in their addresses. All the CDC Shareholders are requested to please update the address with the CDC Participants. This will ensure that the Dividend Warrants are despatched at the correct address.

Hub Power Company shareholders elect twelve Directors

Karachi: September 20. 2006: The Hub Power Company Limited is pleased to announce that the Company’s shareholders have elected twelve Directors for a period of three years from the date of AGM i.e. September 20, 2006 in the 15th Annual General Meeting held in Islamabad. The Full Board comprises fifteen Directors of which twelve are elected, in addition we have two nominee Directors and the Chief Executive who is also a Director. We give below the names of the twelve Directors that have been elected by the Shareholders commencing from September 20, 2006.

1. Mr. Mohamed A. Alireza, H.I.

2. Dr. Fereydoon Abtahi

3. Mr. Robin A. Bramley

4. Mr. Malcolm P. Clampin

5. Mr. Taufique Habib

6. Mr. Vince R. Harris

7. Mr. Arif Ijaz

8. Mr. Qaiser Javed

9. Mr. Ali Munir

10. Mr. S. Nizam A. Shah

11. Mr. M. Ashraf Tumbi

12. Mr. Yutaka Ueda

HUBCO board announces 12.5% Interim dividend

Karachi: February 16, 2006: The Board of Directors of our Company in their meeting held at Karachi today approved Interim Cash Dividend of Rs. 1.25 per share i.e. 12.5% for the year ending June 30, 2006.

The Board is pleased to announce an Interim Cash Dividend at Rs. 1.25 per share i.e. 12.5% Percent. The Interim Dividend will be paid to the shareholders whose names appear in the Register of Members at the close of business on March 15, 2006.

The Share Transfer books will remain from March 17, 2006 to March 27, 2006 (both days included.)

Shareholders (Non-CDC) are requested to promptly notify the Company’s Registrar of any change in their addresses. All the CDC shareholders are requested to please update their address with the CDC Participants. This will ensure that the dividend Warrants are dispatched at the correct address.

HUBCO Announces new CEO

Karachi: February 18, 2006: We are pleased to announce that the Board of Directors of the Company have appointed Mr. Javed Mahmood as Chief Executive with effect from March 1, 2006. He will replace Mr. Ashraf Tumbi who will continue to serve as a Member of the Board.

Javed Mehmood takes over as a CEO of HUBCO

Karachi, March 01, 2006: Javed Mahmood former Group Chief, Risk Management, National Bank of Pakistan has taken up his appointment as Chief Executive of The Hub Power Company Ltd. (HUBCO) with effect from the 1st March, 2006.

Mr. Mahmood has represented National Bank of Pakistan as an Alternate Director on the Hubco Board since September 2002. He brings with him International experience of both public and private sectors in Pakistan and the Middle East, with specific focus on Banking and Project Finance.

During his professional career he has held Senior Management Positions in National Development Finance Corporation, Bank Indosuez and Bank of Oman Ltd.

Hubco declares Financial Results (UNAUDITED) for the 3rd quarter ended March 31, 2006.

Karachi: April 26, 2006: The Board of Directors of the Hub Power Company in their Meeting held at Hubco Head Office have approved the Un-Audited Financial Results for the Company`s third quarter ended March 31, 2006. A spokesperson of Hubco further advised that the Board of Directors have not declared any Interim Dividend at this meeting.