HUBCO 330MW Thar Energy Limited Reaches Financial Close

The Government of Pakistan has notified the achievement of Financial Closing by Thar Energy Limited (TEL), a subsidiary of Pakistan’s largest Independent Power Producer, The Hub Power Company Limited (Hubco) [at a ceremony chaired by Federal Minister for Energy, Mr. Umar Ayub Khan in Islamabad].    Hubco incorporated TEL to set up a 330MW mine-mouth lignite-fired power Plant, one of the first power project to utilize the local lignite at Thar Coal Block II for power generation and was joined by Fauji Fertilizer Company Limited (FFC) in 2018. While Hubco currently holds 60% of the equity in... Read More.
HUBCO 330MW Thar Energy Limited Reaches Financial Close