The Hub Power Company Limited (HUBCO)

The Hub power station was one of the first and largest Independent Power Producer (IPP) in Pakistan to be financed by the private sector in Southern Asia and one of the largest private power projects in the newly industrialized world. The Hub power station was the first project to be successfully co-financed by several governments, the World Bank as well as international private sector lenders and investors. It set the standard for the formulation of a private power framework in Pakistan which has elicited numerous responses from international investors. Several medium sized projects have since completed their financing, construction and now are in operation. Today, the Hub Power Company is listed on the Karachi, Lahore and Islamabad Stock Exchanges and its Global Depository Receipts are listed on the Luxembourg Stock Exchange. It has over thirteen thousand (13,000) Pakistani and International shareholders. The Company owns an oil-fired power station with an installed net capacity of 1,200 MW at Mouza Kund, Hub, in Balochistan and 214 MW net capacity oil-fired power station at Mouza Poong, Narowal in Punjab. The Company also has 75% controlling interest in Laraib Energy Ltd, a subsidiary that is developing a 84 MW Hydel power plant near the New Bong Escape, 8 km downstream of Mangla Dam in Azad Kashmir. The project is required to achieve Commercial Operations by June 2013. We are First: - Major infrastructure project in a developing country. - International equity offering and underwriting for a developing country -under construction infrastructure project. - Private sector infrastructure project. - World Bank financed Infrastructure Project – 1985. -Stock market floatation of a single power station under construction (380 million US$).