The Hub Power Company Limited Overview
Pro stress-test →The Hub Power Company Limited (HUBCO) was established in 1991 as the first Independent Power Producer in Pakistan with a combined installed power generation capacity of 2,289 MW. The company currently has an installed power generation capacity of approximately 3,581 megawatts (MW), positioning it as a major energy producer in the Pakistani power sector.
Strategic Profile
Pro stress-test →The company operates in three segments: power generation business, which includes the Hub plant, Narowal plant & Laraib plant; operations and maintenance business and investments in CPHGC, TEL, TNPTL, SECMC, and Prime. The company is in final stages for KE's 200MW wind/solar hybrid project and for 150MW+120MW of Sindh Solar Energy Project, and has successfully signed an MoU with KE for the potential conversion of two units of RFO-fired Hub Power Plant to Thar coal after the expiry of the existing PPA in March 2027.
Competitive Landscape
Pro stress-test →Before the termination of its energy agreement in October 2024, it was the largest IPP in the country. HUBCO faces competition from state-owned generators and other IPPs in Pakistan's power sector. The company's competitive advantage derives from its diverse generation portfolio across multiple fuel types and strategic partnerships with international entities like China Power International.
Industry Context
The Hub Power Company Limited operates in Power Generation & Distribution.
Key facts
Founded: 1991 · Headquarters: Karachi, Pakistan · Employees: 648 · Revenue: PKR 69.0B