The Hub Power Company is the largest Independent Power Producer (IPP) in the country with a combined power generation capacity of over 1600 MW. The company is listed on the Pakistan Stock Exchange along with its Global Depository Receipts (GDRs) also listed on the Luxembourg Stock Exchange. The Hub Plant in Balochistan is one of the most efficient steam turbine based thermal power plants in Pakistan, and it supplies electricity to the National grid. The Narowal Plant is an oil-fired, engine based, combined cycle thermal power station, located in Punjab. The firm also holds 75 percent controlling interest in Laraib Energy Limited which owns and operates an 84 MW run-off-the river hydel power plant near Mangla Dam in Azad Kashmir.

Hub Power Company is looking to expand and has incorporated wholly owned subsidiaries for its future development plans. Hub Power Holding Limited has been incorporated to invest in the coal based 2x660 MW power project while Hub Power Services Limited has been incorporated to take over the O&M of the Hub Plant and upcoming coal plant.

Operational highlights FY15

The Company took advantage of the China Pak Economic Corridor and established a joint venture with China Power International Holdings to install two 660 MW coal power plans at the existing Hub plant site in Balochistan.

The second joint venture undertaken by Hub is in the Sindh Engro Coal Mining Company (SECMC) with Engro and the Government of Sindh as partners. The objective would be to increase production from the Thar coal mines in order to reduce on imported coal.