AIRLINK 80.60 Increased By ▲ 1.19 (1.5%)
BOP 5.26 Decreased By ▼ -0.07 (-1.31%)
CNERGY 4.52 Increased By ▲ 0.14 (3.2%)
DFML 34.50 Increased By ▲ 1.31 (3.95%)
DGKC 78.90 Increased By ▲ 2.03 (2.64%)
FCCL 20.85 Increased By ▲ 0.32 (1.56%)
FFBL 33.78 Increased By ▲ 2.38 (7.58%)
FFL 9.70 Decreased By ▼ -0.15 (-1.52%)
GGL 10.11 Decreased By ▼ -0.14 (-1.37%)
HBL 117.85 Decreased By ▼ -0.08 (-0.07%)
HUBC 137.80 Increased By ▲ 3.70 (2.76%)
HUMNL 7.05 Increased By ▲ 0.05 (0.71%)
KEL 4.59 Decreased By ▼ -0.08 (-1.71%)
KOSM 4.56 Decreased By ▼ -0.18 (-3.8%)
MLCF 37.80 Increased By ▲ 0.36 (0.96%)
OGDC 137.20 Increased By ▲ 0.50 (0.37%)
PAEL 22.80 Decreased By ▼ -0.35 (-1.51%)
PIAA 26.57 Increased By ▲ 0.02 (0.08%)
PIBTL 6.76 Decreased By ▼ -0.24 (-3.43%)
PPL 114.30 Increased By ▲ 0.55 (0.48%)
PRL 27.33 Decreased By ▼ -0.19 (-0.69%)
PTC 14.59 Decreased By ▼ -0.16 (-1.08%)
SEARL 57.00 Decreased By ▼ -0.20 (-0.35%)
SNGP 66.75 Decreased By ▼ -0.75 (-1.11%)
SSGC 11.00 Decreased By ▼ -0.09 (-0.81%)
TELE 9.11 Decreased By ▼ -0.12 (-1.3%)
TPLP 11.46 Decreased By ▼ -0.10 (-0.87%)
TRG 70.23 Decreased By ▼ -1.87 (-2.59%)
UNITY 25.20 Increased By ▲ 0.38 (1.53%)
WTL 1.33 Decreased By ▼ -0.07 (-5%)
BR100 7,626 Increased By 100.3 (1.33%)
BR30 24,814 Increased By 164.5 (0.67%)
KSE100 72,743 Increased By 771.4 (1.07%)
KSE30 24,034 Increased By 284.8 (1.2%)

Where the previous government had spurred activity in infrastructure and development projects, the same has been missing in Pakistan Tehreek e Insaf’s one year in office.  And it’s no surprise that the main reason has been the evolving nature of China Pakistan Economic Corridor (CPEC). Where previously the focus had been on energy and infrastructure projects, CPEC’s focus is now on industrial and agricultural collaborations and setting up of Special Economic Zone (SEZs).

While there has been no new power projects announced under the present regime, coal is quickly becoming a significant part of the power generation mix as the announced projects under CPEC start to come online. The latest of the early harvest projects has been by Hub Power Company Limited. As per the notice on Pakistan Stock Exchange, the company’s joint venture joint venture - China Power Hub Generation Company (Pvt) Ltd (CPGHC) – with China Power International Holding (CPIH) for a 1320-megawatt(2x660) imported coal-fired power plant achieved the commercial operations date (COD), and has officially started supplying electricity to the national grid. The project’s integrated coal jetty is also operational with first shipment of imported coal coming in December last year.

The project was initially approved in 2014. However, recall that the project though completed in the set time duration had to face bottlenecks as the government decided to back off imported fuel power plants because of excess power generation capacity and related financial repercussions. But the project was among the lucky ones to be restored.

Hubco has also ventured into indigenous coal.  It has acquired 37 percent stake in ThalNova PowerThar (Pvt) Limited through its subsidiary, Hub Power Holdings Limited. Back in 2016, ThalNova was granted a power generation license for setting up a 330-megawatt coal-fired power plant at Thar coal mine. The power company is also constructing a 330-megawatt coal power plant with Thar Energy Limited, and another one with Sindh Engro Coal Mining Company at Thar.

Copyright Business Recorder, 2019

Comments

Comments are closed.