Hub Power Company
Hub Power Company Limited (HUBCO) is located at Hub, Lasbela District, Balochistan, Pakistan. The Hub Power Company is a large, private-sector power company and its 1,292 MW plant is located 60 km from Karachi in Hub. The electricity at HUBCO is generated by four 323 megawatt oil-fired units that are supplied by a 78 km long pipeline from Pakistan State Oil (HUBCO, 1999b). The oil is burned in 4 large boilers to produce steam to generate electricity. HUBCO received a loan agreement of US$ 425 million from the Government of Pakistan via the National Development Finance Corporation in 1994. It is considered one of the most successful private-public partnership projects in Pakistan.
In January 2015, HUBCO announced that it will set up 1,320MW coal-based power plants next to its thermal power station at Hub in Balochistan and gradually enhance coal based generation to 3,600MW. Speaking to journalists, Hubco’s Chief Executive Officer Khalid Mansoor said the company’s board of directors had formally approved development of two coal-based power plants of 660MW each. The two plants would be initially run on imported coal for which a coal jetty would also be developed, he said. He said Hubco had enough land available near its 1,292MW thermal power plant to house six coal plants of 660MW each and the company has added 1,320MW capacity in the first phase.