KARACHI: The Hub Power Company (Hubco) Limited through its wholly-owned subsidiary, Hub Power Holdings Limited, is in the process of finalising issuance of an Islamic Shariah-compliant sukuk. These funds will be utilised to meet the ongoing capital requirements of the company. The company is the only power producer in Pakistan with four projects listed in the CPEC, namely imported coal-based China Power Hub Generation Company (CPHGC) Private Limited at Hub, Thar Energy Limited (TEL), Thalnova Power Thar (Pvt.) Ltd., and Sindh Engro Coal Mining Company (SECMC) at Thar Coal Block II. Both the 330MW power plants in Thar Block II have achieved their financial close and are expected to meet their Commercial Operations Date (COD) in 2021 and 2022.

Source: Pakistan Today October 19, 2020 12:45 UTC